Home Depot Inc.’s results were better than expected in the latest quarter, a sign that the home-improvement retailer could be avoiding the worst effects of the supply-chain snarls reverberating across the economy.
At stores that have been open for at least a year, sales grew by 6.1% in July through October, including by 5.5% at stores in the U.S. That trend built upon strong growth a year earlier, when the pandemic began driving people to invest more in their homes. Home Depot’s total sales in the quarter of $36.82 billion were up by 9.8% year over year, and were more than a third higher than in the same stretch of 2019, before Covid-19 emerged.
