Home Depot increased sales by 2.5% in the first fiscal quarter

Home Depot, the largest home improvement store chain in the United States, reported that its comparable sales increased 2.5% in the first fiscal quarter to May 5 from the same period a year earlier. The indicator disappointed economists who had expected it to grow by 4.3% over the year. At the same time, in the United States, a comparable sales growth of 3% was recorded, which also turned out to be worse than the 4.3% rise predicted by analysts. Quarterly indicators were lower than expected due to adverse weather conditions in February, as well as a sharp fall in prices for lumber. At the same time, net profit growth by 4.5% to 2.51 billion dollars turned out to be better than economists' forecasts. Calculated per share, earnings amounted to 2 dollars 27 cents, while the forecast had been 2 dollars 18 cents per share. Revenues amounted to 26.38 billion dollars, an increase of 5.7% over the year.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: