Home Depot beats by $0.93, beats on revs; Q1 comps +31%
- Reports Q1 (Apr) earnings of $3.86 per share, $0.93 better than the S&P Capital IQ Consensus of $2.93; revenues rose 32.7% year/year to $37.5 bln vs the $33.68 bln S&P Capital IQ Consensus.
- Comparable sales for the first quarter of fiscal 2021 increased 31.0 percent, and comparable sales in the U.S. increased 29.9 percent.
- "Fiscal 2021 is off to a strong start as we continue to build on the momentum from our strategic investments and effectively manage the unprecedented demand for home improvement projects," said Craig Menear, chairman and CEO.