Home Depot, Lowe’s Primed for Historic Growth During Coronavirus

Americans flooded their stores and websites despite downturn
One firm projects revenue up more than 10% at both chains

A "Loading Guidelines" sign is displayed outside a Lowe's Cos. Inc. store in Chicago, Illinois, U.S., on Thursday, May 7, 2020. Governor Pritzker extended the state's stay-at-home order through the end of May, but he loosened restrictions on certain outdoor activities starting May 1.Photographer: Christopher Dilts/Bloomberg

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By Matthew Townsend

May 18, 2020 at 1:43 PM UTC

Updated on

May 18, 2020 at 5:44 PM UTC

This article is for subscribers only.

So what did Americans do during the lockdown?

Besides stocking up on toilet paper and booze, they thought a lot about their homes. And that translated into a flood of visits to Home Depot Inc. and Lowe’s Cos. Inc., which report earnings this week.