A buyer sporting a protecting masks masses lumber onto a cart at a Residence Depot retailer in Pleasanton, California, on Monday, Feb. 22, 2021.
David Paul Morris | Bloomberg | Getty Photographs
Home Depot reported Tuesday its income elevated almost 6% to $38.9 billion, beating analyst expectations, because the retailer continued to beckon clients regardless of rising prices and macroeconomic pressures.
The corporate posted a revenue of $4.3 billion, or $4.24 per diluted share, up from $4.1 billion, or $3.92 billion, from the identical quarter final 12 months.
This is what Residence Depot reported on Tuesday, in comparison with analyst expectations, based mostly on a survey of analysts by Refinitiv:
- Earnings per share: $4.24, vs. $4.12 anticipated
- Income: $38.87 billion, vs. $37.96 billion anticipated
As shoppers have been going through ongoing inflation, buyers have stored an eye fixed on Residence Depot’s efficiency, and whether or not spending continues to be occurring on renovations and do-it-yourself house enhancements.
Residence Depot stated that whereas its buyer transactions had been down barely 4%, its common ticket costs rose about 9%.
That is breaking information. Please examine again for updates.