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Oct 30, 2022
Home Depot Q3 2022 Earnings Report
Home Depot's Q3 2022 earnings were announced, revealing a solid performance driven by strength in project-related categories.
Key Takeaways
Home Depot reported a 5.6% increase in sales to $38.9 billion for the third quarter of fiscal 2022. Comparable sales increased by 4.3%, and diluted earnings per share increased by 8.2% to $4.24.
Sales increased by 5.6% compared to the third quarter of fiscal 2021.
Comparable sales grew by 4.3% in the third quarter of fiscal 2022.
Diluted earnings per share increased by 8.2% compared to the same period last year.
The company reaffirmed its fiscal 2022 guidance.
Revenue by Geographic Location
Forward Guidance
The Company reaffirmed fiscal 2022 guidance of: •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
- 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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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