Home Depot (HD, $327.38) reported higher second-quarter earnings and revenue that beat analysts’ expectations as the company cited continued strength in demand for home improvement projects.

Revenue for the three months ended July 31 rose 6.5% to $43.79 billion, which topped projections of $43.35 billion on Wall Street. Sales at stores open at least a year, a key indicator of a retailer's health, climbed 5.8%, and 5.4% in the U.S. While the number of customer transactions fell 3%, the amount shoppers spent per transaction rose 9.1%.

The home improvement retailer has topped quarterly earnings estimates since the first quarter of 2020, and hasn't missed revenue predictions since Q3 2019. The company's strategy leverages brick-and-mortar sales to help expand its e-commerce operations. In the first quarter, more than half of its online orders were fulfilled through a store.