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.

Home Depot Q2 2022 earnings infographic

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

  • Home Depot Q1 2022 earnings infographic
  • Home Depot Q4 2021 Earnings Infographic

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

FDX Earnings: FedEx Q1 adjusted earnings drop; revenue up 5%

Cargo giant FedEx Corporation (NYSE: FDX) Thursday reported a decline in first-quarter adjusted earnings, despite an increase in revenues. The company also provided guidance for fiscal 2023. Net income, adjusted

Key highlights from Darden Restaurants (DRI) Q1 2023 earnings results

Darden Restaurants, Inc. (NYSE:DRI) reported first quarter 2023 earnings results. Total sales increased 6.1% year-over-year to $2.4 billion, driven by blended same-restaurant sales growth of 4.2%. Net earnings amounted to

ACN Earnings: Key quarterly highlights from Accenture’s Q4 2022 financial results

Accenture (NYSE: ACN) reported fourth quarter 2022 earnings results today. Total revenues were $15.4 billion, up 15% year-over-year in US dollars and up 22.4% in local currency. Net income attributable

Add Comment
Viewing Highlight