Home Depot Q1 2021 Earnings Report

Home Depot's Q1 2021 sales and earnings increased significantly due to strategic investments and effective management of unprecedented demand.

Key Takeaways

Home Depot reported a strong first quarter with sales increasing by 32.7% to $37.5 billion and net earnings rising to $4.1 billion, or $3.86 per diluted share. The company benefited from strategic investments and effectively managed high demand for home improvement projects.

Sales increased by 32.7% to $37.5 billion compared to the first quarter of fiscal 2020.

Comparable sales increased by 31.0% overall and 29.9% in the U.S.

Net earnings reached $4.1 billion, or $3.86 per diluted share, up from $2.2 billion, or $2.08 per diluted share, in the same period last year.

The company operated 2,298 retail stores across various regions and employed approximately 500,000 associates.

Total Revenue

$37.5B

Previous year: $28.3B