(Adds details on sales, profit; Updates share movement)
Feb 23 (Reuters) - Home Depot Inc on Tuesday warnedthat it could not predict if its pandemic-induced sales dreamrun from last year will continue into 2021, even as itsquarterly results handily beat analysts' estimates.
Stuck-at-home Americans have been snapping up tools, paintand building materials all through the COVID-19 health crisis,but the roll out of vaccines and the hopes for a normal lifehave led many to believe that demand in 2021 will fade.
"We are not able to predict how consumer spending willevolve," Home Depot Chief Financial Officer Richard McPhailsaid.
But if the demand environment during the back half of fiscal2020 were to persist through the current year, it would implyflat to slightly positive comparable sales growth, McPhail said.
Smaller competitor Lowe's Cos Inc in December said a"robust" 2021 scenario for the home improvement market wouldlikely be a 5% to 7% decline in demand.
Home Depot's shares fell 2% in premarket trading, even afterit reported a 24.5% jump in fourth quarter same-store sales,beating analysts' average estimate of an 18.9% increase,according to IBES data from Refinitiv.
Overall net sales rose 25.1% to $32.3 billion, beatingestimates of $30.73 billion. The company earned $2.65 per share,while analysts had expected a profit of $2.62 per share.(Reporting by Uday Sampath in Bengaluru; Editing by ShinjiniGanguli)