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New year, same results; Home depot sales boom in 1Q

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An overcharged housing market is keeping aisles full at Home Depot and on Tuesday, the company reported soaring sales that blew past Wall Street expectations.

Sales hit $37.5 billion, up 32.7% from the same year, far better than analyst projections of $34.88 billion, according to Zacks Investment Research Sales at stores open at least a year, a critical indicator of a retailer's health, jumped 31%.

In the U.S., those sales rose 29.9%. Home Depot's profit nearly doubled, hitting $4.1 billion, or $3.86 per share. That compares with $2.2 billion, or $2.08 per share, a year ago.

Wall Street expected $3.04 per share. Home improvement stores have bustled during the pandemic with millions working and attending school remotely.

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United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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