On February 21, The Home Depot released annual results. Despite the weak property market in the USA, the company managed to retain margin. However, the current fiscal year looks risky and the retailer warned about a fall in profits.
The world’s largest home improvement retailer, The Home Depot, reported on February 21, 2023, annual sales of US$157.4 billion in 2022, up by 4.1% overall and by 3.1% on a comparable basis. For the group, half of whose business comes from professional customers and traders, the net margin increased to US$17.1 billion, i.e., 10.9% of sales. A year ago, this ratio stood at 10.8% of revenue. For seven consecutive quarters, The Home Depot recorded a fall in transactions number. This was offset...
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