Im going to do short threads about some of my holdings over the next few days...first up #HomeDepot
$HD accelerated growth over the last 12 months has been turbo charged by Covid
$HD accelerated growth over the last 12 months has been turbo charged by Covid
A broader economic downturn and consumer spending shift into other discretionary categories as COVID resolves itself, could hinder $HD growth in the next couple of years. There are tailwinds that should help mitigate these macro concerns.
An aging housing stock & more permanent hybrid work post pandemic should sustain 🏡 reno & office space conversion projects. Even if tepid top-line growth, earning growth 4 $HD looks promising w/ its generous shareholder cash return policies & its digital transformation effort
$HD is nearly complete a 3-year, $11B digital transformation. Centerpiece of program is The One Home Depot initiative, which is transforming the shopping experience into seamless experience across in-store and online.
$HD also invested $1.2B to build direct fulfillment centers. 90% of U.S. population will have access to 1-day delivery from $HD. They are coming up short in maturing their digital relationship with customers beyond the basics of commerce transactions and the in-store experience.
If $HD can execute on more advanced digital opportunities they have yet to tackle, I see a long runway ahead for investors to capture the increased shareholder value these opportunities are sure to create.
Plus 2.09% dividend
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