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Oct 31, 2021

Home Depot Q3 2021 Earnings Report

Home Depot's sales and earnings increased, driven by its team's flexibility and agility to respond to elevated home improvement demand.

Key Takeaways

Home Depot reported strong third-quarter results with a 9.8% increase in sales to $36.8 billion and a 20.3% increase in net earnings to $4.1 billion, or $3.92 per diluted share. Comparable sales increased by 6.1%, and comparable sales in the U.S. increased by 5.5%.

Sales for the third quarter of fiscal 2021 were $36.8 billion, an increase of 9.8 percent from the third quarter of fiscal 2020.

Comparable sales for the third quarter of fiscal 2021 increased 6.1 percent.

Net earnings for the third quarter of fiscal 2021 were $4.1 billion, or $3.92 per diluted share.

Diluted earnings per share increased 23.3 percent from the same period in the prior year.

Total Revenue
$36.8B
Previous year: $33.5B
+9.8%
EPS
$3.92
Previous year: $3.18
+23.3%
Comparable Sales Growth
6.1%
Previous year: 24.1%
-74.7%
Customer Transactions
428.2M
Previous year: 453.2M
-5.5%
Average Ticket
$82.4
Previous year: $73
+12.9%
Gross Profit
$12.6B
Previous year: $11.5B
+9.7%
Cash and Equivalents
$5.07B
Previous year: $14.7B
-65.4%
Total Assets
$73B
Previous year: $66.9B
+9.1%

Home Depot

Home Depot

Forward Guidance

Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties.