Home Depot continues professional contractor sales growth amid housing market slump
HD Home Depot Inc
$351.00 -0.68%
View chart & analysis → - 1Home Depot's stock price has fallen approximately 11% over the past year.
- 2Home Depot recorded its eighth consecutive quarter of comparable sales growth for professional contractors.
- 3CFO Richard McPheil said housing turnover is at an all-time low relative to housing inventory.
So what's the key point?
Home Depot's stock price has dropped about 11 percent over the last year. However, sales to professionals who repair homes continue to increase.
Source The Motley Fool +3 · View original ↗
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