Home Depot Tops Consensus in Q3, Reaffirms FY2022 Guidance
Seeking Alpha2022-11-15
- Home Depot Q3 GAAP EPS of $4.24beats by $0.13.
- Revenue of $38.87B (+5.6% Y/Y)beats by $910M.
- Comparable sales increased 4.3% and comparable sales in the U.S. increased 4.5%.
- "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.
- Reaffirms FY2022 Guidance: Total sales growth and comparable sales growth of approximately 3%; Operating margin of approximately 15.4%; Net interest expense of approximately $1.6B; Tax rate of approximately 24.6%; Diluted earnings-per-share-percent-growth to be mid-single digits.
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