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.
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