Home Improvement Retailer Home Depot $HD was in a position to take advantage of last quarters natural disasters, with a 7.9% increase in comparable-store sales and revenue of $25.03 billion, up 8% from the same period last year did just that.
The destruction wrought by Hurricane Harvey, Irma and Maria has seen a slew of commodities prices go skyward. The most noted are lumber and gasoline. Perhaps the most poignant as we watch recocery as the mountains of sheetrock we see on curbs. The key commodity here is gypsum with its a price determined by a handful of players.
Hardware and home improvement retailer Lowe’s $LOW reported worse than expected second-quarter earnings and warned for the full-year with operating margins pressure. Home Depot $HD shares sold off last week on growth concerns.