(New York) The American home equipment specialist Home Depot posted sales of more than $150 billion for the first time last year, confirming the strong interest in its products and services since the start of the pandemic. .
Posted at 2:02 p.m.
From October to December, the turnover of the group of Atlanta (Georgia) stood at 35.7 billion dollars, exceeding Wall Street expectations, according to results released on Tuesday.
On an equivalent store basis, revenue increased 7.6% in the United States and 8.1% worldwide. In addition to the United States, Home Depot is present in Canada and Mexico.
Home Depot is one of the big winners of the pandemic during which many Americans confined or restricted in their movements have taken on housework.
The company has also benefited from the rise in real estate prices, which has prompted owners to renovate and improve their properties to increase their value even more.
The Home Depot’s quarterly net profit reached $3.4 billion in the last quarter of 2021 and $16.4 billion for the year.
Reported by share and excluding exceptional items, the quarterly profit is 3.21 dollars and the annual profit of 15.53 dollars, more than expected.
The company also announced a 15% increase in its quarterly dividend, bringing it to $1.90 per share.
For 2022, Home Depot expects modest revenue growth.
Despite these good results, the action lost about 3% on Wall Street in electronic trading before the opening, driven by the general decline of the New York Stock Exchange.