Home Depot 2Q Sales Top $43B

The home improvement company said its year-over-year second-quarter sales increased 6.5%, or $2.7 billion.
The company named William 'Billy' Bastek Executive Vice President of Merchandising, effective immediately.

The Home Depot on Aug. 16 reported 2022 second-quarter sales of $43.8 billion, a 6.5% increase over the same quarter last year.

Comparable sales for 2Q of fiscal 2022 increased 5.8%, and comparable sales in the U.S. increased 5.4%, the company said.

Net earnings for 2Q were $5.2 billion, or $5.05 per diluted share, compared with net earnings of $4.8 billion, or $4.53 per diluted share, in the same period of fiscal 2021. That represents an 11.5% increase in diluted earnings per share, The Home Depot said.

“In the second quarter, we delivered the highest quarterly sales and earnings in our company’s history,” said Ted Decker, CEO and president. “Our performance reflects continued strength in demand for home improvement projects. Our team has done a fantastic job serving our customers, while continuing to 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.”

Related Posts

  • On July 26, HVAC distributor Watsco released their quarterly earnings report, displaying record operating results for the second quarter and six-month periods ended June 30, 2022. 

    Watsco reported a profit margin of 27.9% from their sales of $2.13 billion compared to…

  • In the latest earnings reporting period for publicly-traded companies, these distributors and manufacturers reported strong sales figures.

    The manufacturer reported second-quarter 2022 sales of $1.136 billion, an increase of $55.2 million over…

  • Covington, Louisiana-based Pool Corp. reported “record” second-quarter net sales of $2.1 billion, a 15% increase over the same quarter in 2021.

    The Louisiana company reported ‘record’ second-quarter sales for 2022, up 15% from last year to…

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment