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Home Depot enjoys healthy Q3 sales

11/18/2021 | 06:51am

The Home Depot reported a 9.8% jump in sales for Q3, hitting $36.8 billion, an increase of $3.3 billion compared to the same quarter in 2020.

Comparable sales increased 6.1%, with the U.S. comparable sales jumping 5.5%, according to a press release.

Net earnings were $4.1 billion, or $3.92 per diluted share, compared with net earnings of $3.4 billion, or $3.18 per diluted share, in the same period of fiscal 2020.

For the third quarter of fiscal 2021, diluted earnings per share increased 23.3% from the same period in the prior year.

"As evidenced by our strong performance in the quarter, our team continues to do an outstanding job of operating with flexibility and agility," Craig Menear, chairman and CEO, said in the release. "Ultimately, this is what has allowed us to respond to the elevated home improvement demand that has persisted. I would like to extend my sincere appreciation to our team, as well as our supplier, supply chain and transportation partners, as we continue to navigate this dynamic environment together."

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