Home Depot sales up with DIY projects
Millions of people forced to work out of the office during the pandemic took on new projects at home and Home Depot is supplying a lot of the DIY material they need.
At Home Depot stores open at least a year, sales surged an remarkable 25 percent in the U.S. during the second quarter, the Atlanta company reported Tuesday.
Overall revenue hit $38.05 billion, far exceeding the $34.94 billion Wall Street was expecting, according to a Zacks Investment Research survey. The company easily topped last year’s revenue of $30.84 billion for the three months ended Aug. 2.