Home Depot Revenue Growth Rate
Above average sales gains in retail and home improvement industry helped to elevate overall market growth to 13 24.
Home depot revenue growth rate. But sequential increase was beneth at 6 44 from 112104 millions reported in the period from may 03 2020 to aug 04 2019. Home depot reiterated its long term targets outlined in december 2017 anticipating total sales of 115 120 billion for fiscal 2020. While lowe s has overtaken home depot on growth over the last six months the market leader is still on top when it comes to key financial metrics like profitability and cash flow. Revenue grew 68 to 588 7 million in the same timespan roblox said.
With 23 39 year on year revenue increase in the second quarter 2020 home depot inc outperformed the 20 43 improvement in home improvement industry and 4 67 growth in the retail sector. Following last week s earnings report home depot s 30 analysts are forecasting 2022 revenues to be us 127 1b approximately in line with the last 12 months. Home depot revenue for the twelve months ending july 31 2020 was 119 318b a 8 46 increase year over year. Home depot annual revenue for 2019 was 108 203b a 7 23 increase from 2018.
The company s losses widened however to 203 2 million in the first nine months of this year from 46 3 million in the year. Home depot annual revenue for 2020 was 110 225b a 1 87 increase from 2019. Statutory earnings per share are predicted to increase 4 0 to us 12 06. Yes that 3 5 annual increase was well below the initial 5 target.
For fiscal 2020 home depot expects sales and comparable sales comps growth of 3 5 4 each. Home depot s 5 sales gain for the quarter allowed it to reach the full year target that management laid out three months ago. Home depot inc s trailing twelve months revenue growth was higher than company s average 3 86 and higher than 2 25 growth in may 03 2020. The zacks consensus estimate for sales for fiscal 2020 is pegged at 114 7 billion suggesting a growth.
As a result we expect the home retailer s overall revenue to grow by 3 4 in 2019.