Q2 Earnings Preview: Home Depot, Lowe’s To Benefit From Strong Housing Market
Home improvement retailers, Home Depot (NYSE:) and Lowe’s (NYSE:), have seen their sales soar during the pandemic. With the housing market remaining strong, that winning streak, which has so far spanned six quarters—is likely to continue when both of these companies announce their latest earnings during the coming week.
Despite massive job losses and bankruptcies in industries battered by lockdowns and social distancing measures, home sales have been on fire across the US, as many Americans have opted to move to the suburbs, in search of more room to distance, and for remote school and home offices.
Home prices surged