LAST UPDATE 13:26
Home Depot reported quarterly sales exceeded estimates, mainly due to steady demand for its tools, and building materials and paints, during the Christmas holiday season.
Comparable sales in the largest US housing improvement chain rose 8.1% in the fourth quarter, compared with estimates for an increase of 4.9%.
Home Depot predicts that sales for the whole year will increase marginally, while analysts expect a 2.5% increase in sales.
The company also announced a 15% increase in the quarterly dividend.
Do-it-yourself spending, which peaked at the height of the health crisis when people stayed indoors for a long time, has so far risen more than expected, despite restrictions eased and a return to pre-pandemic encouraged. way of living.
Source: Capital
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