1. Corporate Finance

Home Depot raises full-year outlook after earnings beat, record first-quarter sales

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WitScore: 5

Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record.

KEY POINTS
  • Home Depot on Tuesday raised its full-year outlook after reporting strong quarterly earnings, fueled by the company’s strongest first-quarter sales on record.
  • For 2022, Home Depot is now expecting sales growth of about 3% and earnings per share growth in the mid-single digits.
  • This marks Ted Decker’s first quarter at the helm of the company.
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