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Home Depot Reports Better Than Expected Q3

By John F. Heerdink, Jr.

The Home Depot, Inc. (HD) announced better than expected Q3 earnings this week, reporting a 24% increase in revenue to $33.54 billion, ahead of estimates at $31.9 billion and earnings per share of $3.18 a share beating analyst’s expectation at $3.08. The retailer reported a 24.1% rise in same-store sales for the quarter ending November 1, beating analysts’ estimate of a 14.8% growth. The number of transactions rose 13% to 453.2 million, and the average ticket price increased by 10% to $72.98.

Home renovations have been booming during the pandemic generating higher sales as consumers are spending more time at home and also holiday decorating.

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

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives. 

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(Read Original Story: Home Depot Beats On Blowout Comp Sales, Permanently Adds $1 Billion To Costs in Investor's Business Daily)


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