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Home Depot (HD 1.62%) has been an amazing stock for investors who have bought and held for the long term. Although it's not a growth stock, it has outperformed the market, and by a wide margin.
In its most recently reported quarter, Home Depot (HD 1.62%) managed to turn in positive same-store sales for the first time since the third quarter of 2022, breaking its ugly streak of declining comparable-store sales. Same-store sales are an important metric for retailers, as it shows how existing stores are performing.
Home Depot (HD 1.62%) has been experiencing a multiyear slowdown. Its latest earnings report and commentary from the earnings call suggest that Home Depot will not see a recovery in the housing market or home improvement projects anytime soon.
Many famous peers are in the market, with Lowe's LOW and Home Depot HD reflecting one of those notable pairings. We've recently received quarterly results from each, with both stocks seeing fair reactions post-earnings.
Home Depot (HD -0.71%) is a retailer that needs no introduction. The company has over 2,300 stores across North America -- making it a well-known one-stop-shop for do-it-yourself tasks, professional contractors, and a services segment that can help customers with their home improvement projects.
Yesterday, Home Depot reported its results for both the fourth quarter and fiscal year 2024. On paper, these earnings will bode very well for Home Depot investors.
Shares of Home Depot Inc HD were climbing in early trading on Wednesday, after the company reported upbeat fourth-quarter results.
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Investors are getting more insight into the strength of the consumer and the home building market as Home Depot released its Q4 results this morning with Lowe's report scheduled for Wednesday, February 26.
Home Depot says customers are also using financing to fund the projects.