(Boursier.com) — Home Depot, the American giant of the distribution of household equipment products, announced for the quarter ended profits and sales higher than market expectations, also confirming its outlook for 2022. The net profit for the third fiscal quarter ended at the end of October was $4.34 billion or $4.24 per share, compared to $4.13 billion a year earlier. The FactSet consensus was $4.12 EPS. Quarterly revenue rose 5.6% to $38.9 billion, compared to consensus just below $38 billion. Like-for-like growth was 4.3%, well above market expectations. The group also benefited from higher prices and resilient demand from professionals. Home Depot confirms that it expects growth of around 3% on a like-for-like basis for fiscal 2022.
©2022 Boursier.com