MADRID, 21 Feb. (EUROPA PRESS) -
The Home Depot recorded in fiscal year 2022 (from February 2022 to January 2023) net profits of 17,105 million dollars (16,062 million euros), which implies an improvement of 4.1% compared to the profits of 16,433 million dollars (15,431 million euros) in 2021, as reported by the American hardware and construction materials company.
Revenues, on the other hand, stood at 157,403 million dollars (147,803 million euros), and represent an increase of 4.1% compared to the turnover of 151,157 million dollars (141,938 million euros) of the previous year. .
However, production, sale, general, administrative and depreciation and amortization costs also grew by 4.1% in 2022, to 133,364 million dollars (125,230 million euros).
Only in the fourth quarter of the year, net profit reached 3,362 million dollars (3,157 million euros), compared to the positive balance of 3,352 million dollars (3,148 million euros) a year earlier, a scant 0.3% more yoy
For its part, quarterly revenues were 35,831 million dollars (33,646 million euros), which is equivalent to a small increase of 0.3% compared to the turnover of 35,719 million dollars (33,541 million euros) in 2021.
"Our ability to grow above 40,000 million dollars (37,561 million euros) in sales during the previous two years, while we have faced an environment of high inflation, disruptions in the supply chain and a tight labor market, is testimony investments in our business, as well as the tireless dedication of our employees," said The Home Depot Chairman and CEO Ted Decker.
The Home Depot has also reported a 10% increase in the quarterly dividend, up to $2.09 (1.96 euros) per share, which is equivalent to an annual dividend of 8.36 euros (7.85 euro). This will be paid on March 23.
In addition, with a view to the 2023 financial year, the company expects weak or no growth in sales.