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Home Depot beats quarterly same-store sales estimates -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO: Customers look at the decking products aisle of a Home Depot in Toronto (Ontario, Canada) March 21, 2021. Picture taken March 21, 2021. REUTERS/Chris Helgren

(Reuters) – Home Depot Inc (NYSE) beat its quarterly sales estimates for same-store stores on Tuesday thanks to steady demand during holiday season for tools, paint, and other building materials.

The No. According to IBES data from Refinitiv, the U.S. number one home improvement chain saw 8.1% growth in its fourth quarter ending Jan. 30. This compares with analysts’ expectations of an increase of 4.9%.

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