Could Home Depot Help You Become a Millionaire?
Home Depot (NYSE: HD) has been a wonderful stock for investors to own. Its shares have climbed almost fivefold in the past decade, crushing the broader S&P 500 index by a wide margin. But in the past year, the stock has had a reversal of fortune and is down 24%, representative of the poor performance of the market generally.
Can Home Depot get back to its old ways and help you become a millionaire? Continue reading to find out.
Over the past five years -- through 2022's third quarter (ended Oct. 30) -- Home Depot's revenue and diluted earnings per share (EPS) have increased 56% and 130%, respectively. This demonstrates the company's ability to continue growing while boosting the bottom line. And with trailing-12-month sales of $157 billion, Home Depot has come to be the clear leader in the home-improvement industry, accounting for 17% of the gargantuan $900 billion market, according to management.
Source Fool.com
