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Hurricane-struck Americans spent nearly $300 million at Home Depot

Home Depot is up 24% this year and is one of the few bright spots in a bleak retail landscape.
Home Depot builds on housing market

Homeowners and contractors rushed into the home improvement store to storm-proof houses before Harvey, Irma and Maria. Then they raced back after the storms hit to repair blown-off roofs, shattered windows and flooded bedrooms.

Hurricane-affected customers spent $282 million in plywood, lumber, bricks, drywall, power generators and roofing material, lifting Home Depot's overall sales to $25 billion last quarter. That's an 8% increase from the same time last year, the company reported on Tuesday.

Even though revenue grew, the hurricanes took a bite out of Home Depot's profit. Several stores in the hurricane zones were forced to close stores, and they faced shortages as a result of supplier delays.

Also, profit margins on hurricane-related products are tighter than the goods the company typically sells. Plywood and lumber are competitive commodities and only have profit margins of around

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