Broadlines & Hardlines Retail HD/LOW Spring Tours Yr 16, Wk 8: DC Part Deux; Late May Less Worse With Better Weather and a Later Father’s Day Suggesting a Better June

研报英文原文证据摘录

Broadlines & Hardlines Retail HD/LOW Spring Tours Yr 16, Wk 8: DC Part Deux; Late May Less Worse With Better Weather and a Later Father’s Day Suggesting a Better June

J P M O R G A N North America Equity Research

10 June 2026

Broadlines & Hardlines Retail

HD/LOW Spring Tours Yr 16, Wk 8: DC Part Deux; Late

May Less Worse With Better Weather and a Later

Father’s Day Suggesting a Better June

Retailing – Broadlines & Hardlines /

Leisure

Christopher Horvers, CFA AC

(1-212) 622-1316

christopher.horvers@jpmorgan.com

Tis the (II/Extel) season! We would greatly appreciate your 5-Star support Jolie Wasserman

(individual and firm) in the Retailing – Broadlines & Hardlines category. Over (1-212) 622-1961

jolie.wasserman@jpmchase.com

this past year, we have worked diligently to provide access (JPM Retail Round Up,

Christian Carlino, CFA

Tech, London, Toronto, various NDRs) and forward-looking thematic pieces and

(1-212) 622-9145

stock calls. We would greatly appreciate your support in the II/Extel All-America christian.carlino@jpmorgan.com

Research poll. J.P. Morgan Securities LLC

We continued our 16th annual weekly spring HD/LOW cross-country tours

last week in hot and sunny DC, walking stores on Friday, when temperatures HD, HD US

were summer-like in the high 70s to mid 80s (vs. low-to-high 70s and sunny last Overweight

year). HD Capitol Heights took the top spot this year on the strongest overall trends

Price (05 Jun 26): $310.78

led by a combination of DIY and Pro, with relative big ticket strength.

Key takeaways: (1) Weaker trends observed YOY. During our visits, DIY LOW, LOW US

seasonal traffic softened YOY at 5 of the 6 locations, with overall traffic (DIY and Overweight

Pro) only higher YOY at the winning HD. More specific to DIY traffic, DIY Price (05 Jun 26): $210.74