Home Depot Beats Profit Expectations
Home Depot beat fourth-quarter profit expectations. The profit beat was the widest margin in years.
This ended a streak of three quarters of missed targets. Fourth-quarter sales declined but comparable sales improved. Home Depot's stock was set to surge following the results.
Klear Note — Home Depot missed profit targets three times in a row. This win shows the company is turning things around.
Key Terms 2
- comparable sales Sales at stores open for at least one year, showing real growth
- fourth-quarter The final three months of the year (October, November, December)