Home Depot’s sales continued to climb through third quarter with the U.S. housing market red hot.
Revenue rose 9.8% to $36.82 billion, exceeding the $34.97 billion Wall Street had expected, according to a survey by Zacks Investment Research. Sales at stores open at least a year, a key gauge of a retailer’s health, jumped 6.1%, also better than expected. Those sales rose 5.5% in U.S. stores.
While the number of customer transactions slipped 5.5%, the average receipt rose 12.9% to $82.38.
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