Home Depot (HD) Tops Q4 EPS by 3c

Home Depot (NYSE: HD) reported Q4 EPS of $3.21, $0.03 better than the analyst estimate of $3.18. Revenue for the quarter came in at $35.7 billion versus the consensus estimate of $34.8 billion. Comparable sales in the U.S. increased 7.6 percent.

GUIDANCE:

The Company's fiscal 2022 guidance assumes the run-rate of dollar demand it has observed over the last two quarters continues through fiscal 2022. This dollar run-rate is adjusted for the Company's historical seasonality to calculate its sales outlook for 2022.

Fiscal 2022 Guidance:

• Sales growth and comparable sales growth to be slightly positive
• Operating margin approximately flat with fiscal 2021
• Net interest expense of approximately $1.5 billion
• Tax rate of approximately 24.6 percent
• Diluted earnings-per-share-growth to be low single digits

For earnings history and earnings-related data on Home Depot (HD) click here.

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