As per reports, The Home Depot, Inc. (HD) released fourth-quarter earnings this week, with sales rising 10.7% to $35.72 billion, while earnings per share of $3.21 were reported to exceed estimates of $3.18. Expenses along with surging costs of everything from fuel to wages led to a 35-basis point decline in fourth-quarter gross margins to 33.2%. The home improvement chain indicated that it expects gross profit margins to remain under constraint throughout the year as it spends heavily to deal with supply-chain bottlenecks and get building tools and materials to store shelves faster.
Home Depot is implementing measures such as chartering its own cargo ship and using air freight to move in-demand goods to beat supply chain disruptions and shipping delays.
The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs. To learn more about The Home Depot, Inc. (HD), and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.
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