Home Depot meets forecasts with 2022 results

The world’s largest home improvement retailer reported sales for the fourth quarter of fiscal 2022 of $35.8 billion, up 0.3 percent from the same period a year earlier. Comparable sales for the quarter dipped 0.3 percent, both in the U.S. and enterprise-wide. Q4 profits came in at $3.4 billion, flat compared with the previous year.

Sales for the year were up 4.1 percent to $157.4 billion. Comp sales increased 3.1 percent, with comps in the U.S. up 2.9 percent. Profits in 2022 reached $17.1 billion, up slightly from 2021’s $16.4 billion.