Home Depot Leverages Omnichannel Initiatives to Spur Sales

A year-and-a-half-long gain in the U.S. housing market has led to an increasing number of consumers investing in remodeling efforts and, in turn, has benefitted Home Depot, which reported a stronger third quarter than investors expected. For the quarter, the company's revenue increased 7.4 percent to $19.5 billion, coming in above analysts’ average estimate of $19.2 billion. In addition, comparable store sales for U.S. stores increased 8.2 percent. Because of consumers increasing willingness to invest in home projects, the company saw the average purchase price per customer rise by 3 percent to $56.27.