DIY giant Home Depot increases profit forecast

DIY giant Home Depot increases profit forecast

The largest DIY chain in the world, American Home Depot, is taking advantage of the recovery of the American housing market and the stronger growth of the American economy.

6.4 % turnover growth on a like-for-like basis

The Home Depot's second quarter turnover grew 5.7 % to 23.8 billion dollars (18 billion euro) and in stores that have opened more than a year ago, there was a 6.4 % increase.


Net profit also grew strongly: it was 1.8 billion dollars a year ago and grew to nearly 2.1 billion dollars now (1.6 billion euro). That prompted the group to increase its full-year profit forecast to 4.52 dollars profit per share (from 4.42 dollars per share before), on the back of a previous profit forecast increase in May. The forecast for turnover growth has remained unchanged: 4.8 % for the full fiscal year.


The Home Depot, with 2.264 stores across the United States, Canada and Mexico and more than 300,000 employees, is an excellent guideline for the American housing market and therefore for the entire American economy.

Questions or comments? Please feel free to contact the editors

Bricorama does not want to sell Gamma


French DIY company Bricorama will not sell Gamma’s Belgian and Dutch stores. There was a longstanding rumour to that nature, but the company has now refuted those claims.

Kingfisher experiences another turnover drop


DIY group Kingfisher has experienced yet another disappoiting quarter: the British-French group suffered setbacks in both its home markets and the restructuring plan is also weighing down its results.

Sizeable profit drop for Geberit


Swiss sanitation specialist Geberit has had a disappointing first semester of 2017, in which its profit dropped about 20 %. Turnover also slumped, but only slightly.

Intergamma: departure largest shareholder sparks turmoil


Irish group CRH, which owns nearly 50 % of DIY Intergamma’s shares, wants to sell those shares, but the other shareholders cannot find an appropriate solution.

Strong Dutch growth for Hornbach


German DIY chain Hornbach’s turnover and profit grew a lot in the past fiscal year, which ended 28 February 2017. Particularly its Dutch division performed very well.

Cooperative Menouquin joins Hagebau


Belgian’s largest cooperative in tools, hardware and DIY, Menouquin, will join German Hagebau, a move designed to help Menouquin grow.

Back to top