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Home Depot Gets With the PROgram


Home Depot Gets With the PROgram

In what is becoming old hat for the giant home-improvement retailer, Home Depot Inc (NYSE: HD) posted another solid quarterly earnings report earlier this month. The company's revenue rose to $25 billion, an 8.1% increase year over year, and net earnings grew to $2.17 billion, a 10% increase year over year. The strong results were driven by positive comparable-store sales, which increased companywide by 7.9%.

Obviously, many factors go into Home Depot's success, but what keeps jumping out at me is the company's perpetual ability to draw in the "professional" customer. Home Depot's ability to attract this particular customer, one who, on average, has deeper pockets and visits the company's stores more frequently, is why it has continued to outperform the market, even while most brick-and-mortar retailers have struggled.

Here's a look at the company's most important numbers:

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Source: Fool.com

Home Depot Inc. Stock

€313.10
-0.370%
Home Depot Inc. shows a slight decrease today, losing -€1.150 (-0.370%) compared to yesterday.
The stock is one of the favorites of our community with 35 Buy predictions and 3 Sell predictions.
As a result the target price of 348 € shows a slightly positive potential of 11.15% compared to the current price of 313.1 € for Home Depot Inc..
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