As many US brick-and-mortar retailers falter, Home Depot (HD) is trading near all-time highs after it reported a 6.5% rise in first quarter comparable store sales and raised its full-year earnings guidance. The home improvement chain’s management team attributed better-than-expected results to market share gains, productivity improvements and a strengthening housing market.
Perhaps the most notable win for Home Depot is its success in resisting the forces of pure-play online retailers like Amazon (AMZN).
