Home Depot has remained resilient despite inflation and a shift in consumer spending habits.
, the company posted $35.72 billion in sales and net income of $3.35 billion, or $3.21 per share. At the time, the company was still benefiting from a lot of Covid-era demand where stuck-at-home consumers used their discretionary dollars to spruce up their homes and professionals spent their time renovating flip jobs.
These days, shoppers are using their discretionary dollars towards experiences and travel as many burn through their savings amidHowever, with record-high interest rates keeping many people from buying new homes, some consumers may look to renovate the houses they're currently in instead of moving, which could prove beneficial for the retailer.
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