They say the first $100 billion is always the hardest, right? With an impressive first quarter in the books, Home Depot (NYSE:HD) is now on track to reach $99 billion of annual revenue this year before it cracks 12 digits in 2018. That would mark a great run for a business that generated just $66 billion of revenue as recently as 2010.
I did it my way
Home Depot hasn’t relied on a fast-expanding store footprint to reach this milestone. In fact, while rival Lowe’s (NYSE:LOW) has built 300 new warehouse locations in the U.S. since 2013, Home Depot has added none. That’s right — no net new stores in three years. Yet its revenue growth has edged Lowe’s since 2012:
