Home Depot says SRS acquisition opens up additional $50B of TAM

Says SRS a “great opportunity” to expand markets, capabilities. Says company is as well positioned on price/value as it has been in “some time.” Says “so much share to gain with consumer.” Seeing great customer engagement in areas where weather has been favorable. Says organized retail crime “still a problem.” Says promotional environment has normalized to pre-Covid levels. Seeing “very stable environment” in commodity inflation.