In year of pandemic, Home Depot became supplier to millions
The Home Depot’s fiscal fourth-quarter sales surged 25% as the home improvement chain continues to meet the demands of consumers stuck at home and a resilient housing market. The chain also boosted its quarterly dividend 10% to $1.65 per share. Revenue rose to $32.26 billion from $25.78 billion. Analysts surveyed by Zacks Investment Research forecast $30.66 billion. Sales at stores open at least a year, a key indicator of a retailer’s health, climbed 24.5%. In the U.S., the figure increased 25%.