Where Will Home Depot Be in 1 Year?
Home Depot (NYSE: HD), the world's largest home-improvement chain, is showing no signs of slowing down. The Atlanta-based retailer recently announced year-over-year revenue and profit growth of 32.7% and 84.6%, respectively, in the first quarter of fiscal 2021.
Expectations were for decelerating growth coming out of the pandemic, as consumers start spending money on things other than home projects. But, so far, they haven't come to fruition. This is clearly great news for shareholders.
The business is still facing two very difficult comparisons in the second and third quarters of 2021 (compared to the same periods last year). So, what do the next 12 months look like for Home Depot?
Source Fool.com
