The Home Depot, Inc. (NYSE:HD) Alliance Bernstein 37th Annual Strategic Decisions Conference June 3, 2021 1:30 PM ET
Company Participants
Craig Menear – Chairman and Chief Executive Officer
Conference Call Participants
Brandon Fletcher – Bernstein
Brandon Fletcher
Hi, everyone. Welcome to this session of the 37th Annual SDC. We're excited to have Home Depot join us again become something of a tradition and I'm excited to chat through what's a remarkably interesting sector as it usually is. One just administrative reminder, we do have question setup in the pigeonhole system and I can see those and be sure that we have questions from the audience that we will get to at the end of this to make sure that everybody can participate.
So I'm just going to kick it off first by just going through what we hear about all the time and I think Craig will do a great job at this as he usually does, which is whatever the disruption is, Home Depot is usually somewhere in the middle of it. And the one we hear about the most is pricing and inflation. And so we just love to hear as this inflation rages, what's the right way to think about this narrative? Do profits flow through unharmed? Will customers resist at some point? Kind of how is your worldview on the inflation? Thanks.
Craig Menear
Well, Brandon, it's great to be with you. Thanks for having us again, really appreciate it. So like there is certainly cost pressure in the market today, as you pointed out, that's not totally new, obviously there have been cycles of pressure over time and we're really approaching it in the same way we would in any other cycle. And that is our merchants responsibility is number one to be the customers advocate for value. So, we're looking at this in an approach
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