Shares of Home Depot (NYSE:HD) were up 4% today after the company reported a very solid overall earnings report. Q4 profits were up 7%, same-store sales rose 4.5%, and the company was able to raise its dividend. So why are some in the media calling the report a mixed bag?
In this segment from Tuesday's Investor Beat, host Chris Hill and Motley Fool analyst Mike Olsen look through the report. Mike also looks more broadly at some of the macro factors acting as tailwinds for Home Depot, as an improving economy and rising home prices are encouraging home owners to spend more on home improvement, and he highlights the company's incredible supply chain and its ability to translate those supply efficiencies into very low costs for consumers. And with CEO Frank Blake putting a lot of effort into cutting costs within the company, any increases in sales are able to flow right to the bottom line.