Home Depot delivered a stellar performance in the fourth quarter, surpassing expectations with its first same-store sales growth in two years. The home improvement giant reported revenue of $39.7 billion, a 14.1% increase year-over-year. Comparable sales in the U.S. also saw a 1.3% increase for the quarter.
Investors are closely watching Home Depot’s Q4 results for insights into consumer trends related to home buying, refinancing, and home repairs. The positive performance of Home Depot could indicate a strong market for these segments.
Analysts expect that the stock market may react to Home Depot’s earnings report, with stock futures trading lower leading up to the release. Home Depot’s performance could also impact other home improvement retailers like Lowe’s, which is scheduled to report its Q4 results on the same day.
Stay updated on Home Depot’s Q4 earnings and the implications for the home improvement and retail industries.
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