Aug 17, 2022
Strong Home Improvement Sector Boosts Home Depot Sales
The Home Depot had sales of $43.8 billion for the second quarter of 2022, an increase of 6.5 per cent over sales of $41.1 billion in the second quarter of 2021. Comparable sales for the quarter increased 5.8 per cent, and comparable sales in the U.S. increased 5.4 per cent year-over-year. Net earnings for the second quarter were $5.2 billion compared with net earnings of $4.8 billion in the year-ago period, representing a 7.6 per cent increase. Ted Decker, CEO and president of Home Depot, says the performance reflects continued strength in demand for home improvement projects.
Sign up for our Daily News Alerts to receive relevant industry news, articles, and previews for our next issue of Home Improvement Retailing. Delivered directly to your inbox. Subscribe here.