Here's Why Home Depot's Most Important Number Is $663
With people stuck inside for more time than ever during the pandemic, spending on renovation projects surged. It's not a surprise that Home Depot (NYSE: HD) was a primary beneficiary of this consumer behavior, generating trailing-12-month revenue of $144.4 billion. While this is an astounding figure, it doesn't do justice in explaining how great of a business this really is.
For Home Depot, I think the most important number investors should pay attention to is $663. It underscores how successful and efficient the home-improvement chain is, particularly when compared to its competition.
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Source Fool.com
