Home Depot releases Q2 financial report: quarterly sales exceed 40 billion for the first time! Year-on-year growth of 8.1%

It is learned that Home Depot, the second largest retailer in the United States, released its second quarter 2021 financial report on Tuesday. Data showed that as of August 1, the company's net profit was US$4.81 billion, an increase of 11% year-on-year. Its sales increased by 8.1% year-on-year to US$41.118 billion, which is the first time that the company's quarterly sales have exceeded 40 billion.

It also beat analysts' expectations of $40.71 billion, according to a survey by Zacks Investment Research.

Combined with the first quarter financial report data, its total sales in the first half of the year were US$78.618 billion, an increase of 18.6% over the same period in 2020. However, with the gradual recovery from the epidemic, the growth rate in the second quarter has also slowed down relatively.

Home Depot is a retailer that mainly sells furniture and building materials, and it was one of the few beneficiaries after the outbreak of the epidemic last year. The demand for furniture decoration industry surged during the epidemic, and many customers decided to carry out projects and construction work by purchasing decoration materials such as paint, wood and landscape products. This trend has greatly boosted Home Depot's sales.

Editor✎ Irene/

Statement: This article is copyrighted and may not be reproduced without permission.