-
Home Improvement Demand Powers Home Depot’s Q3
Irrespective of inflation, source chain snags and a limited labor current market, Household Depot appreciated an increase in profits in its third quarter owing to continued demand from customers for residence advancement jobs. “Our client has remained resilient and engaged,” CEO Ted Decker explained during an earnings contact Tuesday (Nov. 15), noting that House Depot purchasers tend to be more financially safe and very own their households. They’re also continuing to expend more time at household, he included, and the homes are continuing to age and have to have renovations and repairs. That is led to “strong demand” for home improvement jobs between the firm’s experienced and Diy prospects, Decker…