Anthony Chukumba Growth Quotations

It was good to see the double-digit sales growth and the strong (profit) margin expansion. It provides further evidence that the global office furniture market is continuing to rebound strongly.

New growth drivers are more of an issue for Home Depot than Lowe's. Lowe's domestically still has about half the sales of Home Depot. To some extent, Home Depot's growth opportunity is limited in the U.S. where it already has nearly 2,000 stores.