
Home Depot says its Q1 2022 financial report suggests that consumers are still willing to spend money on home renovations and repairs.
The Home Depot is the world’s largest home improvement retailer with more than 2,200 stores and a massive online presence.
The Home Depot, Inc. is the largest home improvement retailer in the United States, supplying tools, construction products, and services. The company is headquartered at the Atlanta Store Support Center in unincorporated Cobb County, Georgia.
It operates many big-box format stores across the United States and its territories of Puerto Rico, Guam, and the U.S. Virgin Islands; all 10 provinces of Canada; and the 31 states and Federal District of Mexico. MRO company Interline Brands (now The Home Depot Pro) is also owned by The Home Depot, with 70 distribution centers across the United States.
Home Depot says its Q1 2022 financial report suggests that consumers are still willing to spend money on home renovations and repairs.
During the fourth quarter, Home Depot reported earnings of $3.21 per share and announced a 15% dividend increase.
The S&P 500’s 70th record close of the year is now the second-highest ever for the index, pulling in gains for 28% of 2021.