Sunday , April 2 2023

The net profit of the Home Depot has risen almost a third in the financial district III


Net Profit Home Depot Inc., America's largest network of repairs and building materials repair shops, grew in the fiscal third quarter that ended on October 28 by 32% to $ 2.87 billion or $ 2.51 per share, from $ 2.17 billion, or $ 1.84 per share, a year earlier.

Analysts predicted an average of $ 2.26 per share, according to Reuters.

Total net sales of the company rose 5.1% to $ 26.30 billion, slightly above the experts' forecast of 26.26 billion dollars.

Sales in home stores that have been open for more than a year have increased by 5.4% in the financial district III. They were higher than average forecasts by analysts who expected an increase of 4.38%, according to Refinitive.

Retailers increased the sales growth forecast for the fiscal year ending in January to 7.2% from 7%, and earnings per share forecast at $ 9.75 from $ 9.42.

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