Home Depot Q3 Earnings Top Estimates

  • Home Depot Inc HD reported third-quarter FY21 sales growth of 9.8% year-on-year, to $36.82 billion, beating the analyst consensus of $34.49 billion.
  • Customer transactions for the quarter fell 5.5%. Comparable sales increased 6.1%, and comparable sales in the U.S. rose 5.5%.
  • Gross profit rose 9.7% Y/Y to $12.6 billion. The operating margin was 15.7%, and operating income for the quarter rose 19.4% to $5.8 billion.
  • EPS of $3.92 beat the analyst consensus of $3.40.
  • The company operated a total of 2,317 retail stores at the end of Q3.
  • The company held $5.1 billion in cash and equivalents as of October 31, 2021. Net cash provided by operating activities for the nine months totaled $13.4 billion.
  • Price Action: HD shares traded higher by 1.23% at $375.65 in premarket on the last check Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsMoversTrading IdeasBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!