Reportedly, The Home Depot, Inc. (HD) increased its full-year profit forecast as home improvement chain benefit from higher prices and consistent demand for tools and building materials. Home Depot earned $4.09 per share in the reported quarter, beating estimates of $3.68. Same-store sales increased 2.2% in the first quarter ended May 1, compared with analysts’ estimates of a 2.7% decline.
For fiscal 2022, Home Depot expects EPS to increase in the mid-single digits range higher than its previous forecast of low-single digits growth. Comparable sales are expected to rise about 3% in fiscal 2022.
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 visit vista Partners’ The Home Depot, Inc. Coverage Page.
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