The Home Depot, Inc. (NYSE: HD) reported third quarter 2020 earnings results today.
Net sales increased 23.2% year-over-year to $33.5 billion. Comparable sales were a positive 24.1%.
Net income was $3.4 billion, or $3.18 per share, compared to $2.8 billion, or $2.53 per share, in the same period last year.
On Monday, Home Depot announced the acquisition of HD Supply Holdings Inc. for $8 billion. The transaction is expected to close during Home Depot’s fiscal fourth quarter and is expected to be accretive to FY2021 EPS. Home Depot anticipates this deal will help boost its sales across a $55 billion marketplace for maintenance, repair and operations.
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
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
