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Home Depot Reaches Record High Sales

Aug. 15, 2017

Home improvement chain Home Depot announced on Tuesday that comparable sales rose 6.6 percent in the U.S. during the last quarter, making it the company’s highest earning quarter in its history.

In the quarter, Home Depot's profit came to $2.25 a share, compared to a Wall Street profit forecast of $2.22 per share. Overall revenue was $28.11 billion, also besting analyst projections for $27.84 billion.

Fortune reports that Home Depot has benefitted from rising home values and homeowners’ increased desires to invest in their homes. The company has also done more to make itself accessible and useful for DIY-ers and has ramped up its e-commerce.

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