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The Home Depot Inc.

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Home Depot outpaced the broader market in the past year backed by its five-year long trend of beating earnings estimates, which continued in second-quarter fiscal 2018. Moreover, sales reverted to a positive surprise trend after a miss in the last-reported quarter. Results gained from a rebound in the seasonal business that impacted sales in the fiscal first quarter and the solid execution. Further, its relentless focus on affording innovative products, boosting interconnected customer experience and driving productivity seems to be paying off. Steady housing market recovery and strong customer demand also remain tailwinds. Backed by the solid performance in the first half of fiscal 2018, the company raised the earnings and sales forecast for fiscal 2018. However, commodity cost inflation in various categories, including rising raw material and transportation costs as well as recently enacted tariffs are likely to pressure margins.


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