Home Depot 1Q Sales Rise 3.8% to $38.9B

The home improvement company also reported fiscal first-quarter 2022 net earnings of $4.2 billion.
Home Depot fiscal 2022 3Q sales

The Home Depot reported 2022 fiscal first-quarter sales of $38.9 billion, an increase of $1.4 billion, or 3.8% from the first quarter of fiscal 2021.

Net earnings for 2022 fiscal 1Q were $4.2 billion, or $4.09 per diluted share, compared with net earnings of $4.1 billion, or $3.86 per diluted share, in the same period of fiscal 2021, representing a 6% increase in diluted earnings per share, the company said.

“Fiscal 2022 is off to a strong start as we delivered the highest first quarter sales in Company history,” said Ted Decker, CEO and president of The Home Depot. “The solid performance in the quarter is even more impressive as we were comparing against last year’s historic growth and faced a slower start to spring this year. These results are a direct reflection of our associates’ continued ability to effectively navigate a challenging and dynamic environment. I would like to thank them and our many partners for their hard work and dedication to our customers.”

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