Skip to content
Subscriber Only
Opinion
Sarah Halzack

No Housing Alarm Bells (Yet) for Home Depot

It survived the rise of e-commerce, and its defenses should hold up against a housing slowdown, too.

Ringing up another stellar quarter.

Ringing up another stellar quarter.

Photographer: Mark Kauzlarich/Bloomberg

There has been a steady trickle of gloomy headlines lately about the health of the housing market. But you wouldn’t know it looking at Home Depot Inc.’s latest results.

The home-improvement giant reported Tuesday that comparable sales rose 4.8 percent over a year earlier in the third quarter, growth that reflected an increase in transactions as well as higher average checks. The company also boosted its full-year forecast, saying it now expects comparable sales growth of around 5.5 percent and earnings per share of $9.75.