Home Depot and Lowe’s are two of the best retailers in the country but they are also great indicators of what’s going on in the broader home products sector of the economy. Each reported solid numbers this week but neither put up the insanely great results they’ve been registered over the pandemic era as Americans focused on home improvement, remodeling and decorating projects. Each has said they aren’t entirely sure how the rest of the year will play out, particularly with the added complications of supply chain bottlenecks and raw material price increases. Are they the early warning signs — the canary in the coal mind is the well-worn cliche? Maybe, but don’t count out either of these fine companies, to do so would just be plain Stupid.
Here’s how I analyzed their results in this new Forbes.com piece: https://www.forbes.com/sites/warrenshoulberg/2021/08/18/home-depot-and-lowes-2q-the-canary-in-the-home-market/?sh=262617238053