5 Reasons Home Depot Is Reporting Record Earnings

Home Depot made company history in the second quarter, recording its highest sales and earnings ever. Unlike some other retailers, Home Depot is clearly enjoying the effects of lower gas prices, low unemployment and rising wages, all of which put more cash in consumer pockets. “We’re fortunate we’re in a space where the customer is willing to spend,” said Craig Menear, the company’s chairman, CEO and president, in Tuesday’s investor conference call.