The Home Depot Inc. HD has been resilient amid the coronavirus pandemic, thanks to continued store operations as well as its ability to deliver interconnected shopping experience by blending its physical and digital platforms. The company’s flexible interconnected infrastructure helped it quickly adapt to the changing customer preferences amid the coronavirus pandemic in late March. Consequently, it delivered top-line growth of 7.1% in first-quarter fiscal 2020, with overall comps increasing 6.4% and comps in the United States up 7.5%.
The first-quarter sales performance was divided into three phases. In phase one (the first seven weeks of the quarter), the company saw strong sales across the stores, with all departments showing mid-single to double-digit comps growth, as customers prepared for shelter-in-place. In phase two (last week of March in the first 2 weeks of April), the implementation of reduced store hours, limited customer traffic in stores and canceled the Spring Black