Home Depot Sales Surge 23% in the Second Quarter
While COVID-19 has put many companies, big and small, out of business, some have seen explosive growth tied to the pandemic. Home Depot (NYSE: HD) sales soared 23% in the second quarter as customers under lockdown focused on home improvement projects, and investments the company made in 2019 have started to pay off.
Home Depot took in more than $38 billion in revenue during the quarter. U.S. comps increased 25%, and earnings per share shot up to $4.02 from $3.17 last year. The company also spent $480 million on extra employee benefits.
Image source: Home Depot.
Source Fool.com
