Here's How Inflation Is Providing Home Depot an Assist

·3 min read
Here's How Inflation Is Providing Home Depot an Assist

The COVID-19 pandemic, combined with the government and central bank response, has unchained inflation. While that may be negative for many businesses and households, for now, it is providing an assist to Home Depot (NYSE: HD). In its most recent quarter, which ended May 1, Home Depot noted that its sales increased by 3.8% from the same quarter of the prior year.

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