CAPEX.com
CAPEX.com

Article Hero

Home Depot reported a 32.7% jump in sales in fiscal Q1

1621341505.png
Miguel A. Rodriguez
Miguel A. Rodriguez
18 May 2021
One of the largest home improvement retailers in the US posted quarterly results that crushed estimates

For the 2021 fiscal first quarter, Home Depot reported an EPS of $3.86 on revenues of $37.5 billion. The market was looking for earnings-per-share of $3.08 and revenue of $34.96 billion. The company’s net sales rose 32.7%, while the global same-store sales surged 31% for the quarter. The retailer’s net income came in at $4.5 billion, up from the $2.25 billion reported at the same time last year.

It is the first quarter when Home Depot faces year-over-year comparisons to its business during the pandemic lockdown. During the year-ago period, its first-quarter same-store sales went up 6.4%.

For the entire fiscal year, Home Depot hasn’t released an outlook.

After the news hit the wires, Home Depot stock price added more than 2%. Since the beginning of the year, its stock has risen more than 20%, reaching a market value of $344 billion.

Source: cnbc.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.