Company Of The Day: Home Depot
What?
Home Depot (NYSE:HD) posted a stronger than expected set of Q3 2021 earnings, with net revenue rising 9.8% year-over-year to $36.8 billion, and EPS coming in at $3.92.
Why?
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Spending on home improvement projects continues to rise, with consumers also spending more during each store visit. The company’s average ticket rose 12.9% to $82.38 in Q3.
So What?
HD stock was up by about 5% on Tuesday’s trading.
See Our Complete Analysis For Home Depot
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