Renovation boom to drive record growth at Home Depot, Lowes, BofA says - Business Insider

That conclusion led to the bank increasing its second quarter earnings estimates for both Home Depot and Lowe's.

According to the note, BofA has expected a cool down in home improvement sales trends given the recent "extreme strength," but that dip has not come to fruition yet, probably due to pent-up demand in the home improvement space because of COVID-19. Second, popular home improvement projects that have popped up due to COVID-19 have pushed incremental demand. Those projects include building garden beds to grow food, adding a guest room or home office, and enhancing outdoor spaces.

I cleaned the floor

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

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Inside the 20,000-member trading community started by college students - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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