Home Depot recorded third-quarter sales and earnings that topped Wall Street estimates as its recent momentum continued.
Home Depot beat an analyst consensus estimate published by Yahoo Finance that called for earnings per share of $4.12 per diluted share and sales of $37.96 billion.
Comparable sales advanced 4.3% versus the year-earlier quarter, as comps in the United States increased 4.5%. Sales increased 5.6% to $38.87 billion versus the year-previous quarter, Home Depot pointed out. Operating income was $6.15 billion versus $5.8 billion in the year-before period.
In a conference call, Ted Decker, Home Depot chair, president and CEO, said all of Home Depot’s 19 U.S. regions returned positive comps in the quarter. Growth came from both do-it-yourself consumer and pro customers. On the digital side, he added, the company is experiencing more engagement with its app.
“We delivered another solid performance in the third quarter, driven by strength in project-related categories across the business,” Decker said in announcing the financial results. “Our team has done a fantastic job serving our customers while continuing to navigate a challenging and dynamic environment.”
