Home Depot Sales Rose 10.7% in Q4 and 14.4% for Fiscal Year 2021
February 22, 2022 from Floor Focus FloorDaily News
Atlanta, GA, February 22, 2022 – The Home Depot announced sales for Q4 2021 were $35.7 billion, an increase of $3.5 billion, or 10.7% from Q4 2020. Comparable sales for Q4 2021 increased 8.1%, and comparable sales in the U.S. increased 7.6%.
Net earnings for Q4 2021 were $3.4 billion, compared with net earnings of $2.9 billion in Q4 2020.
Sales for fiscal 2021 were $151.2 billion, an increase of $19.0 billion, or 14.4%, from fiscal 2020. Comparable sales for fiscal 2021 increased 11.4%, and comparable sales in the U.S. increased 10.7%.
Net earnings for fiscal 2021 were $16.4 billion, compared with net earnings of $12.9 billion in fiscal 2020.
“Fiscal 2021 was another record year for The Home Depot. We achieved a milestone of over $150 billion in sales,” said Craig Menear, chairman and CEO. “Our ability to grow the business by over $40 billion in the last two years is a testament to investments we have made in the business, our ability to execute with agility, and our associates’ relentless focus on our customers.”