Home Depot posts record Q2

ATLANTA — Home Depot’s sales soared by 23 percent in Q2, with same-store sales logging their biggest increase in at least 20 years. The retailer’s net income grew by 24.5 percent to $4.33 billion, or $4.02 per share, even with a $480 million investment in pandemic-related benefits for employees. Analysts had forecast profits of $3.71 per share. Revenues rose by 23.4 percent to a record $38.05 billion, coming out on top of estimates averaging $34.53 billion, while U.S. same-store sales surged by 25 percent.