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Home Depot Reports Earnings Tomorrow. Here’s What to Expect.

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People aren’t spending money on travel, entertainment and dining, and have redirected that money to making their homes more enjoyable.


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As the pandemic has kept everyone in their houses, many of us have become Tim “The Toolman” Taylor. Home Improvement is suddenly everyone’s favorite hobby, and that has helped

Home Depot.

Investors will see just how much when the retailer reports earnings Tuesday morning.

Home Depot stock (ticker: HD) has climbed more than 30% in 2020, more than six times the

S&P 500’s

gains in the same period.

It isn’t hard to see why. Those who have been lucky enough to stay employed during the pandemic aren’t spending money on travel, entertainment and dining, and thus have redirected those funds to making their homes more enjoyable as they hunker down to spend more time there.

In addition, Home Depot’s status as an essential retailer

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