Omnichannel

Home Depot beats analysts predictions in Q3

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November 18, 2022

Home improvement retailer The Home Depot reported nearly a 6% spike in revenue for Q3, hitting $38.87 billion, and besting analyst expectations of $37.6 billion.

The retailer reported a profit of $4.3 billion, an increase from $4.1 billion in the same quarter of 2021, according to a CNBC report, which also noted that while customer transactions dipped more than 4% its average ticket price jumped about 9%.