Market Updates
Home Depot Quarterly Income Rose 8%
Scott Peters
16 Aug, 2022
New York City
Home Depot Inc added 5.7% to $332.56 after the home improvement retailer said second quarter sales rose 6.5% to $43.8 billion.
Net income in the quarter rose to $5.2 billion or $5.05 a diluted share compared to $4.8 billion or $4.53 a diluted share a year ago.
U.S. comparable sales increased 5.4% in the quarter and customer transactions declined 3% to 467.4 million but the average ticket size rose 9.1% to $90.02.
The retailer reaffirmed its total and same store sales guidance for the fiscal year 2022 to 3.0% and diluted earnings per share to grow in mid-single digits percentage.
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