What Home Depot Inc. Has to Say About the Housing Market, Online Rivals, and More

Home Depot (NYSE:HD) is one of the busiest retailers in America right now. The home improvement giant on Aug. 16 announced second-quarter earnings results that trounced national peers and even left industry rival Lowe’s (NYSE:LOW) far behind. CEO Craig Menear and his executive team held a conference call with investors to put those results in perspective. Here are a few important points that management made in that discussion. Home Depot’s comps grew 5%, marking a slowdown from the prior quarter’s 7% spike. Yet the retailer extended its market share lead over Lowe’s, which improved comps by just 2% in the second quarter. Wal-Mart Stores (NYSE: WMT) managed a slight comps increase and Target’s (NYSE:TGT) comps declined thanks to its first customer traffic dip in two years.


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