Is This 1 Thing the Secret to Home Depot's Success?
With a market capitalization of $345 billion and trailing-12-month revenue of $154 billion, Home Depot (NYSE: HD) is a business that just about every investor is familiar with these days. Through its network of more than 2,000 stores in the U.S., the company sells various home improvement products and supplies.
Yet, for all of Home Depot's growth, many investors may not appreciate a specific trait that might just be the key to this top retail stock and its success. Let's take a closer look at what makes Home Depot stand out and whether investors should scoop up shares right now.
Home Depot sells to two different types of customers. One of these groups is the do-it-yourself (DIY) person who likely handles small projects around the house. The other, more valuable group is professional customers. This cohort includes contractors, plumbers, electricians, and the like, who tackle much more complex jobs.
Source Fool.com
