image credit: Mike Mozart / Flickr

Home Depot Plans $1 Billion Increase For Frontline Staff After Q3 Earnings Beat

November 17, 2020

Via: TheStreet

Home Depot Inc. (HD) – Get Report posted stronger-than-expected third-quarter earnings Tuesday while noting it plans to spend around $1 billion on bonuses and compensation increases for its frontline workers.

Home Depot said earnings for the three months ending on November 1 were pegged at $3.18 per share, up 25.7% from the same period last year and 13 cents ahead of the Street consensus forecast. Group revenues, Home Depot said, rose 23% to $33.5 billion, again topping analysts’ estimates of a $32 billion tally.

Read More on TheStreet