Home Depot Q1 Earnings Preview: Here's What You Need to Know
Sales have been surging in the past few years for Home Depot (NYSE: HD) as consumers have been paying a lot more attention to the condition of their homes. With the onset of the coronavirus pandemic, the trend was amplified as many were asked to social distance and ended up spending more time at home. This led them to notice things that need to be fixed or improved upon. For others, the home has been substituting for the gym, the office, and the school, and they realized they needed to upgrade existing spaces or add new spaces entirely.
But as vaccinations against the coronavirus have ramped up and social distancing guidelines are being relaxed a bit in the U.S., the factors amplifying the trend are beginning to ease or go away. This return to normalcy could be a headwind for Home Depot as folks have more options on where they can spend their money.
With these factors in mind, when Home Depot reports first-quarter earnings on Tuesday, investors will want to pay close attention to the company's overall revenue growth.
Source Fool.com
