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1 Surprise Statistic From Home Depot's Earnings Report

Demitri Kalogeropoulos, The Motley Fool
·2-min read
1 Surprise Statistic From Home Depot's Earnings Report

Home Depot (NYSE: HD) is still growing its business, even on top of last year's soaring results. The home improvement giant said on Tuesday that revenue and operating earnings in the first quarter (ended May 1) of fiscal 2022 rose despite pressures including rising interest rates and inflation. Home Depot handled 411 million transactions in the first quarter compared to 447 million a year ago, which translates into an 8.2% decline in customer traffic.

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