Strong Demand Offset by Ongoing Spending on Business Improvement at Home Depot, Pressuring Profit
With the housing market well into its current cycle, year-over-year improvement has become incrementally more difficult for many businesses. Slower growth of home prices, measured housing starts growth, and dampened cadence of turnover, particularly at the low-priced end of the market are headwinds that Home Depot must contend with. We are not concerned, however, about an imminent slowdown in the business, as mitigating factors like age of housing and rising headship rate provide defense from a ...The Home Depot is a home improvement retailer. The company provides its customers an assortment of building materials, home improvement products, lawn and garden products, and decor products and provides a number of services, including home improvement installation services and tool and equipment rental. The company also maintains a network of distribution and fulfillment centers, as well as a number of e-commerce websites. The company provides a number of programs for its Professional Customers to meet their particular needs, and for its Do-It-Yourself and Do-It-For-Me customers, the company provides a number of installation services. The company also provides tool and equipment rentals for its customers.
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