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Share Name Share Symbol Market Type
Home Depot Inc NYSE:HD NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.27 -0.36% 356.01 364.12 353.9061 361.10 3,942,672 00:05:35

Home Depot 2Q Profit Climbs; Same-Store Sales Up 4.5%

17/08/2021 11:46am

Dow Jones News


Home Depot (NYSE:HD)
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By Matt Grossman

 

Home Depot Inc. on Tuesday logged higher sales in the second quarter as pandemic-era trends continued to fuel demand.

The Atlanta-based home-improvement retailer logged earnings of $4.53 a share in the three months ended Aug. 1, a rise from $4.02 a share in the comparable period a year ago. Analysts polled by FactSet were forecasting earnings of $4.36 a share.

Its net earnings were $4.81 billion, up from $4.33 billion in the prior-year period.

Revenue climbed to $41.12 billion, up from $38.05 in the prior-year period. Analysts were expecting revenue of $40.63 billion.

Comparable-store sales grew by 4.5% year over year, including by 3.4% in the U.S.

The number of customer transactions declined by 5.8% year over year to 481.7 million, but the average ticket size grew 11% to $82.48.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

August 17, 2021 06:33 ET (10:33 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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