Home Depot earns 5,910 million dollars in the first half, 26.1% more

Home Depot, the largest chain of DIY stores and home improvement in the world, won 5,910 million dollars in its first fiscal semester, 26.1% more than in the same period of the previous year, announced that company today.

The company based in Atlanta (Georgia, USA) obtained in those six months a net profit of $ 5.12 per share, compared to $ 3.91 a year earlier.

The company’s turnover between February and July reached 55,410 million dollars, an increase of 6.6% over the previous year, when it entered 51,995 million.

Regarding the results of the second quarter, the most followed Wall Street, the firm had a net profit of 3.506 million dollars (3.05 dollars per share), 31.2% more than in that section of 2017.

Between May and July, Home Depot entered 30,463 million dollars, representing an increase of 8.4% compared to the same period last year and a record for the company, which also recorded its maximum earnings for a second quarter.

This was highlighted by the president and CEO of the company, Craig Menear, who attributed the good data to a “rebound” of the “seasonal” business compared to the first quarter, and pointed out that the “results in general exceeded our expectations”.

“These results exemplify the outstanding execution of our team composed of employees in stores, vendors, suppliers and logistics chain,” he added.

Home Depot also revised up its estimates for the year as a whole and said it expects its sales to increase 7% year-on-year and its earnings per share to grow 29.2% to $ 9.42.

The financial accounts, released early this morning, were better than analysts had expected and the company’s securities advanced up to 1.2% in the operations prior to the opening of Wall Street.

However, once the session started, shares lost 0.94%% on the New York Stock Exchange, where Home Depot is one of the 30 values ​​that make up the Dow Jones Industrial.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

Sanders pulls out of presidential race and paves way for Biden to clinch Democratic nomination

Vermont State Senator and Democratic Party pre-candidate for the White House, Bernie Sanders, announced Wednesday that he is leaving the presidential race amid a...

A man is trapped under a dune when he was digging on a Florida beach

A 35-year-old man was buried under a dune on a beach in northeastern Florida when a tunnel he was excavating collapsed and is now...

China rejects “any foreign interference” after EU criticism of Hong Kong

The Chinese Foreign Ministry has warned the European Union on Tuesday that it is against "any foreign interference", a day after the leaders of...

Las Vegas, Orlando and Miami, the “most sinful” cities in the US

Las Vegas, Orlando and Miami are the three "most sinful" cities in the United States, according to a classification made from statistical data on...

The musical by Pedro Navaja returns to the stage for the first time in 15 years

Miami, .- Pedro Navaja, the "thug corner" of the famous song of Ruben Blades, sings and dances in Miami with more than twenty other...