Home Depot Posts Better Than Expected 3Q-2022 Results

USA - The Home Depot, the world's largest home improvement retailer,  reported sales of USD 38.9 billion for the third quarter of fiscal 2022, an increase of USD 2.1 billion, or 5.6 percent from the third quarter of fiscal 2021.

1011HOMEDEPOT2Comparable sales for the third quarter of fiscal 2022 increased 4.3 percent, and comparable sales in the U.S. increased 4.5 percent.

Profit for the third quarter of fiscal 2022 was USD 4.3 billion, compared with net earnings of USD 4.1 billion in the same period of fiscal 2021.

"We delivered another solid performance in the third quarter, driven by strength in project-related categories across the business," said Ted Decker, chair, president and CEO. "Our team has done a fantastic job serving our customers while continuing to navigate a challenging and dynamic environment. I would like to thank them and our many partners for their hard work and dedication to our customers."

At the end of the third quarter, the Company operated a total of 2,319 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs approximately 500,000 associates.

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