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Home Improvement Demand Powers Home Depot’s Q3
Despite inflation, source chain snags and a limited labor current market, Dwelling Depot enjoyed an boost in gross sales in its third quarter due to continued need for property advancement initiatives. “Our client has remained resilient and engaged,” CEO Ted Decker said during an earnings contact Tuesday (Nov. 15), noting that Home Depot buyers tend to be a lot more economically protected and very own their residences. They’re also continuing to shell out a lot more time at home, he added, and the houses are continuing to age and need to have renovations and repairs. That is led to “sound demand from customers” for home improvement jobs amongst the firm’s…