For such a discounted valuation, Home Depot is providing exceptional top-line and bottom-line growth. |
In the face of rising interest rates and all the rhetoric about slowing housing, the fact that Home Depot's results are accelerating is quite impressive. |
It was a natural fit for Home Depot to move into the contractor/supply area. |
It's a solid quarter, with solid top-line sales growth and comparable store sales growth, combined with gross margin expansion. Their clients have money, and they like to spend it. |
They went from the most antiquated systems in the industry to some of the more cutting-edge, and technology has helped drive the results. |