Home Depot 3rd Quarter Results

The Home Depot announced its third quarter results yesterday, at $25.0 billion, up 8.1% from third quarter 2016. Comp store sales were up 7.9%, and comp sales for the US stores were up 7.7%. Hurricane-related selling is attributed to positively affecting sales by about $282 million. The Home Depot did incur hurricane expenses themselves of $104 million. The home improvement retailer lifted its 2017 sales growth estimates due to the two straight quarters of success. Second quarter results were the best in the company’s history. Their new estimate expects sales in 2017 will be up 6.3% and same store comp sales up 6.5%. The Home Depot operates 2,283 stores.

The Home Depot Reports for Q3