Home Depot 3Q Sales Increase

The home improvement retailer reported 2021 3Q sales of $36.8 billion, an increase of $3.3 billion, or 9.8% from the same period last year.
Retail and Food services advance estimates up November 2021

The Home Depot Inc. (NYSE: HD), Atlanta, Georgia, reported 2021 third-quarter sales of $36.8 billion, an increase of $3.3 billion, or 9.8% from the same period last year.

Comparable sales for the third quarter of fiscal 2021 increased 6.1%, and comparable sales in the U.S. increased 5.5%.

Net earnings were $4.1 billion, or $3.92 per diluted share, compared with net earnings of $3.4 billion, or $3.18 per diluted share, in the same period of fiscal 2020.

Diluted earnings per share increased 23.3% from the same period in the prior year.

Through the first nine months of 2021, the company reported more than $115 billion in sales, a 15.6% increase over 2020.

“As evidenced by our strong performance in the quarter, our team continues to do an outstanding job of operating with flexibility and agility,” said Craig Menear, chairman and CEO. “Ultimately, this is what has allowed us to respond to the elevated home improvement demand that has persisted. I would like to extend my sincere appreciation to our team, as well as our supplier, supply chain, and transportation partners, as we continue to navigate this dynamic environment together.”

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