The Home Depot corporate headquarters is seen, Wednesday, Sept. 3, 2014, in Atlanta. Home Depot may be the latest retailer to suffer a credit card data breach. The Atlanta-based home improvement retailer told The Associated Press Tuesday that it is looking into “unusual activity” and that working with both banks and law enforcement. (AP Photo/David … Continued
David Goldman / Associated Press
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Home Depot is benefiting from a housing market that appears to be recovering.
The Atlanta-based company had its best quarter ever.
The Home Depot reports sales of over $26 billion for the second quarter of this year. That’s a 6.6 percent growth over the same time period last year.
“It’s just another confirmation that the housing market recovery remains in place,” said Dr. Roger Tutterow, an economist at Kennesaw State University.
Tutterow also said this record-setting quarter shows the company has overcome a couple of recent setbacks, including the 2014 hack that affected tens of millions of customers.
“It’s back up to near record levels in terms of volume, in terms of profitability and I think it continues to be a great bell weather for the recovery of the construction side of the economy.”
Home Depot owns nearly 2,300 stores in all 50 states.
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