Home Depot sales continue to surge in hot housing market
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By MICHELLE CHAPMAN
AP Business Writer
Home Depot’s sales continued to climb through third quarter with the U.S. housing market red hot. The Atlanta company reported Tuesday that sales rose 9.8% to $36.82 billion, exceeding the $34.97 billion that Wall Street had expected. Sales at stores open at least a year, a key gauge of a retailer’s health, jumped 6.1%, also better than expected. While the number of customer transactions slipped 5.5%, the average receipt rose 12.9% to $82.38. Profits easily exceeded analyst expectations. .Hardware stores have been a hub of activity during the pandemic as people working from home took on new projects.Â