Home Depot Shares Decline on Expenses as Sales Soar

The video discusses the current trends in home improvement, highlighting the increased investments in home-related projects due to people spending more time indoors. Home Depot has seen significant sales growth but faces rising costs due to additional safety measures and worker compensation. The pandemic continues to impact businesses, with both Home Depot and Walmart experiencing changes in consumer behavior. Retail sales have been disappointing, with economic recovery slowing down, partly due to the lack of fiscal stimulus.

What was the percentage increase in Home Depot's comparable sales in the third quarter?

• 23%

• 24%

• 25%

• 26%

What is one of the main reasons for the rising costs at Home Depot?

• Higher rent costs

• Increased advertising expenses

• Extra cleaning and protective equipment

• More expensive raw materials

What is a potential future issue for Home Depot's pro business segment?

• Decreasing demand for home improvement

• Supply chain disruptions

• Pandemic affecting professional contractors

• Increased competition from new retailers

How much did Walmart's ecommerce sales increase?

• 89%

• 79%

• 99%

• 69%

What is one reason for the slowdown in retail sales recovery?

• More fiscal stimulus

• Pandemic-related sentiment issues

• Improved economic conditions

• Increased consumer confidence