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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.
Home Depot
Home Depot
Home Depot Revenue by Geographic Location
Revenue by Geographic Location
U.S. Revenue
CapyFin.com 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