Categories AlphaGraphs, Consumer, Earnings
HD Earnings: Home Depot Q2 profit beats estimates as sales rise 7%
The Home Depot, Inc. (NYSE: HD) reported stronger-than-expected earnings and revenues for the second quarter of 2022 amid continued increase in the demand for home improvement products.
Second-quarter net income moved up to $5.17 billion or $5.05 per share from $4.81 billion or $4.53 per share in the same period of 2021. The latest number also exceeded analysts’ estimates.
Earnings benefitted from a 7% increase in net sales to $43.8 billion, which also came in above the consensus estimates. Total comparable store sales grew by 5.8%. Meanwhile, the management reaffirmed its financial guidance for fiscal 2022.
Check this space to read management/analysts’ comments on Home Depot’s Q2 earnings
“In the second quarter, we delivered the highest quarterly sales and earnings in our company’s history. Our performance reflects continued strength in demand for home improvement projects. Our team has done a fantastic job serving our customers while continuing to navigate a challenging and dynamic environment.,” said Ted Decker, CEO of Home Depot.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
