Home Depot Reports 23.2% Sales Increase for Q3, Earnings Up 23.9%
Atlanta, GA, November 19, 2020-The Home Depot reported Q3 2020 sales of $33.5 billion, an increase 23.2% from Q3 2019’s $27.2 billion. Comparable sales for Q3 2020 were positive 24.1%, and comparable sales in the U.S. were positive 24.6%.
Net earnings for Q3 2020 were $3.4 billion, compared with net earnings of $2.8 billion in the same period of fiscal 2019, a 23.9% increase.
For the first three quarters of 2020, net sales were $99.8 billion, a 18.2% increase compared to $84.4 billion in the first three quarters of 2019.
Net earnings for the first three quarters of 2020 were $10.0 billion, compared to $8.8 billion in the first three quarters of 2019, a 14.2% increase.
“The third quarter was another exceptional quarter for The Home Depot as we saw the continuation of outsized demand for home improvement projects, which has led to sales growth of more than $15 billion through the first nine months of the year,” said Craig Menear, chairman and CEO.