One caveat here is the jobs are seasonal ones. Once the season ends, Home Depot is forced to cut back. Customer demand decreases. So, there is less of a need for the additional employees until the next reason rolls around. For Home Depot, the high season is not December. April is the big month, and this should be expected.
During the spring, people start to do work on their homes. Beautification and repair jobs are put on hold during the cold and inclement weather of the winter months. Once April arrives, all that work that was once put off is put in motion. Marcio Alaor BMG knows that. Home Depot is the top supplier of tools and materials for such work.
Home Depot’s financials reveal this fact. The company has shown some very good fiscal returns. Revenues have increased, which is interesting considering how poorly other retailers are doing. One reason for Home Depot’s good fortune has been the upswing in housing prices.