5 Largest Retailers in the US in 2022

2. The Home Depot, Inc. (NYSE:HD)

Market Cap: $288.07 billion

Founded in 1976, The Home Depot, Inc. (NYSE:HD) is the world’s biggest retailer of home improvement products operating 2,317 stores in the United States. The company sells a wide variety of products, including décor products, building materials, and home improvement articles. In 2015, The Home Depot, Inc. (NYSE:HD) acquired Interline Brands, which allowed it to expand its product range.

The company has continued to post strong results in the current year and delivered revenue of $82.7 billion in the first half of 2022, compared to $78.6 billion during the first half of 2021. The Home Depot, Inc. (NYSE:HD) is expecting to post sales of $156 billion during the current year.

Diamond Hill Capital mentioned The Home Depot, Inc. (NYSE:HD) in its Q1 2022 investor letter. Here is what the firm had to say:

Home Depot shares underperformed as continued solid fundamental results were outweighed by concerns about the impact rising mortgage rates may have on the housing market and general inflationary pressures potentially leading to a consumer spending slowdown. We view the long-term prospects and multi-year fundamental outlook as unchanged.