The company reported earnings that were pegged at $3.86 per share, up 85.6% from the same period last year and well ahead of the Street consensus forecast of $3.06 per share. Group revenues, Home Depot said, rose 32.9% to $37.5 billion, again topping analysts' estimates of a $34.61 billion tally.
"Fiscal 2021 is off to a strong start as we continue to build on the momentum from our strategic investments and effectively manage the unprecedented demand for home improvement projects," said CEO Craig Menear. "I am proud of the resilience and strength our associates have continued to demonstrate, and I would like to thank them and our supplier partners for their hard work and dedication to our customers."
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