Smaller Projects Fuel Home Depot Sales Growth Despite Slumping Housing Market

Home Depot's sales saw an improvement during its fiscal second quarter as customers focused on smaller projects over summer months, despite the U.S. housing sector still being in a slump.

The company reported revenue of $47.86 billion, exceeding Wall Street expectations of $47.24 billion according to a survey by FactSet.

This uptick in sales is attributed to customers opting for smaller projects, such as home repairs and renovations, rather than larger-scale construction or renovation efforts.