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.
Scott Mlynek
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.
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For such a discounted valuation, Home Depot is providing exceptional top-line and bottom-line growth.
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It was a natural fit for Home Depot to move into the contractor/supply area.
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They went from the most antiquated systems in the industry to some of the more cutting-edge, and technology has helped drive the results.
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