The home improvement retailer is gearing up for spring and trying to prove to investors it can keep momentum going.
will report its fourth-quarter earnings on Tuesday, as the retailer gears up for spring and tries to capitalize on housing demand.Earnings per share: $3.18 expected, but it has other dynamics working in its favor. Millennials, the country's largest generation, are moving into their first homes or into bigger homes, even as some Baby Boomers, the second largest generation, decide to age in place. That's squeezing supply and driving real estate prices higher.
Yet some investors wonder if home improvement's hot streak can continue as retailers lap a period of government stimulus, raise prices because of inflation and compete with other spending priorities like dining out and vacation. Home Depot has not shared an outlook for the last fiscal year or the upcoming year, saying the backdrop is too uncertain.
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