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Stronger-than-expected Q2 for Home Depot

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The latest data made Home Depot reach a record stock price

Home Depot made a good impression on Wall Street as its Q2 figures came in higher-than-expected.

The retailer's net income grew from $3.48 billion to $4.33 billion or $4.02 per share. It topped the $3.68/ share consensus.

Home Depot posted revenues of $38.1 billion, marking a 24.75% increase from last year's figures. It exceeded the $34.5 billion forecasted.

In the US, the same-store sales reported a 25% growth, more than double of the 12% expected. Same-store sales from the US, Canada, and Mexico increased by 23.4%, beating the 10.5% outlook.

During today’s pre-market trading session, Home Depot stock gained 0.64%.  Year-to-date, it added 32%, while USA30 slipped 2.4%. 

See how other retailers performed here!

Sources: thestreet.com, marketwatch.com

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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.