Retail Sector Ideas

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Home Depot - >>> Home improvement giant Home Depot (HD) needs no introduction, as its more than 2,000 stores are likely within a short drive of nearly anywhere in the country. While many consumers know Home Depot as the go-to location for all things home improvement, it also has a large business that caters to professionals hired for home improvement projects.


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Home Depot is seeing strong performance from its Pro segment. In Q4 2022, Pro sales growth outpaced the do-it-yourself (DIY) segment, and backlogs for the Pro segment remained higher than their historical average. This performance was led by categories one might expect to see in a typical home renovation project like building materials, plumbing, and bath-related items.

Overall, Home Depot had a strong 2022. Revenue increased by 4% and comparable sales grew by about 3%. The company also announced a 10% increase to its dividend, which now yields 2.7%. It has also repurchased more than 1 billion of its shares over the last 10 years, reducing its shares outstanding by more than 30%.

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