3 Things You'll Want to Know When Home Depot Announces Earnings
Home Depot (NYSE: HD) had the fortune of being deemed an essential retailer at the onset of the pandemic and was allowed to remain open when many businesses were forced to shut down. That, along with a few other factors, including people spending more time at home, led to surging sales growth.
Now, more businesses are reopening, and consumers have a broader choice of places to spend their dollars. Moreover, consumers may have a decreasing amount of income to spend now that the enhanced unemployment benefits have expired, and the number of people who remain jobless is still elevated. Investors will want to look to these three factors in Home Depot's third-quarter earnings release on Nov. 17 to see if those changes negatively affect the company.
Sales are surging for the home-improvement retailer as people spend more time at home. Image source: Home Depot.
Source Fool.com
