Home Depot Earnings Review: Solid Growth On High Demand, Despite The Data Breach

Revenues grew 5.4% year-on-year to $20.5 billion in the quarter, with strong comparable sales growth of 5.8% in U.S., despite the threat of a possible impact of the data breach. Home Depot managed to escape the anticipated customer backlash and reaffirmed its previous guidance for the fiscal year ending January. The company could achieve its comparable sales growth target of roughly 5% in Q4, after a solid 5.2% growth this quarter, on the back of additional customer traffic during the holiday se...