Home Depot's financial results exceeded expectations analysts had on Wall Street. Revenue increased by 23% and amounted to $38 billion, which is higher than forecasts. The company also reported a profit of $4.4 billion for the last quarter.
These results were achieved thanks to strong demand for home improvement products, which continued to grow during the pandemic. Home Depot noted a strong interest from consumers in products for renovation and improving living spaces, as well as garden products.
"We take pride in how our business has shown resilience in these challenging times, and we thank our associates for their dedicated work," said the company's chairman and CEO.
In addition, Home Depot announced plans to continue investing in the development of its business and launch new programs to enhance customer service.
