Home Depot Q2 2022 Earnings Report
Key Takeaways
Home Depot reported a 6.5% increase in sales to $43.8 billion and net earnings of $5.2 billion, or $5.05 per diluted share, for the second quarter of fiscal 2022. The company reaffirmed its fiscal year 2022 guidance.
Sales increased by 6.5% compared to the second quarter of fiscal 2021.
Comparable sales grew by 5.8% overall and 5.4% in the U.S.
Net earnings reached $5.2 billion, or $5.05 per diluted share.
The company reaffirmed its fiscal year 2022 sales and earnings guidance.
Home Depot
Home Depot
Forward Guidance
The Company reaffirmed fiscal 2022 guidance of: Total sales growth and comparable sales growth of approximately 3.0 percent; Operating margin of approximately 15.4 percent; Net interest expense of approximately $1.6 billion; Tax rate of approximately 24.6 percent; Diluted earnings-per-share-percent-growth to be mid-single digits
Positive Outlook
- Total sales growth of approximately 3.0 percent
- Comparable sales growth of approximately 3.0 percent
- Operating margin of approximately 15.4 percent
- Diluted earnings-per-share-percent-growth to be mid-single digits
Challenges Ahead
- Net interest expense of approximately $1.6 billion
- Tax rate of approximately 24.6 percent