The Home Depot announced sales for the first quarter of 2022 were $38.9 billion, an increase of 3.8% from the same prior-year period. Comparable sales for the first quarter of fiscal 2022 increased 2.2%, and comparable sales in the U.S. rose 1.7%.
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Net earnings for the first quarter of 2022 were $4.2 billion.
“Fiscal 2022 is off to a strong start as we delivered the highest first-quarter sales in company history. The solid performance in the quarter is even more impressive as we were comparing against last year’s historic growth and faced a slower start to spring this year,” The Home Depot CEO and President Ted Decker said.
Jonathan Bein, Ph.D. is Managing Partner at Distribution Strategy Group. He’s
developed customer-facing analytics approaches for customer segmentation,
customer lifecycle management, positioning and messaging, pricing and channel strategy for distributors that want to align their sales and marketing resources with how their customers want to shop and buy. If you’re ready to drive real ROI, reach out to Jonathan today at
jbein@distributionstrategy.com.