Home Depot: Improving Growth Prospects

Oleg Kovtun/iStock Editorial via Getty Images Investment Thesis I last covered The Home Depot, Inc. (NYSE:HD) in May 2023 and the stock has given a good 23% return since then. Moving forward, the company is well-positioned to deliver revenue and margin growth. The company’s revenue should benefit from easing Average Unit Retail ('AUR') comparisons, normalizing demand patterns for SKUs like gardening and outdoor power equipment which saw pull forward demand during Covid, and strength in the company’s Pro ...