The results: Even as the stagnant housing market weighed on Home Depot’s Q3 results, the retailer benefited from severe-weather-related repairs and unusually warm temperatures boosting sales of items like grills. Its recent acquisition of SRS Distribution also gave Q3 a boost.
- Home Depot’s earnings per share were $3.67 in Q3, down 3.7% year over year (YoY) but ahead of the $3.64 that analysts expected.
- Revenues were $40.22 billion, up 6.6% YoY, outpacing the expected $39.32 billion.