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The Home Depot Inc.

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Home Depot outperformed the industry in the past year attributed to its five-year long trend of beating earnings estimates, which continued in first-quarter fiscal 2018. Further, both the top and bottom line improved year over year in the first quarter. The company is gaining from strength in core business as well as relentless focus on affording innovative products, boosting interconnected customer experience and driving productivity. Steady housing market recovery and strong customer demand also remain tailwinds. Going into the fiscal second quarter, the company witnessed strength in all lines of business in the first few weeks of May. Consequently, it provided an optimistic view for fiscal 2018. However, top line lagged estimates mainly due to colder-than-normal weather that led to softness in the spring season categories, particularly garden. This softness also resulted in a decline in comparable transactions.


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