Record-breaking! Home Depot's sales in fiscal 2021 exceeded the $150 billion milestone!

It is learned that The Home Depot announced that 2021 was a record year, with sales increasing by 14.4% year-on-year to $151.2 billion. Sales in the United States increased by 10.7% year-on-year. Net income was $16.4 billion, up from $12.9 billion in fiscal 2020.

In the fourth quarter of 2021, The Home Depot's sales were $35.7 billion, a year-on-year increase of 10.7%. Sales in the United States increased by 7.6% year-on-year. Net income in the fourth quarter was $3.4 billion, up from $2.9 billion in the fourth quarter of 2020.

During the 2021 holiday season, The Home Depot's sales rose 10.7% to $35.7 billion, beating expectations of $34.8 billion. Although transaction volume fell 3.4% from the same period in 2020, the average purchase amount increased 12.4%.

It is learned that The Home Depot's business has grown by more than $40 billion in the past two years. The Home Depot expects annual sales to increase slightly in fiscal 2022, and earnings per share are expected to increase in the low single-digit range. As of the end of 2021, the company has a total of 2,317 retail stores and approximately 500,000 employees.

Editor ✎Estella/

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