Home Depot Q3 Earnings Top Estimates

by Shivani Kumaresan, Benzinga Staff Writer

November 16, 2021 8:48 AM | 1 min read | Make a Comment

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.