The Home Depot has named a veteran executive as its new CEO.

Home Depot’s sales continued to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly.

As the year comes to a close Americans are still stuck at home and that has led to an explosive year for Home Depot. Revenue totaled $33.54 billion for the three months ended Nov. 1, topping the $31.83 billion that analysts polled by FactSet predicted. Whether buying a new home, or improving an existing one, home owners continue to head to Home Depot at a healthy pace. While those industries have been devastated, the housing market, and Home Depot, have grown stronger. Home Depot Inc. also said Tuesday that it's making temporary financial support programs for its frontline, hourly employees permanent.

Home Depot is reuniting with former subsidiary HD Supply, buying the company in a deal valued at about $8 billion. HD Supply is a distributor of maintenance, repair and operations products in the multifamily and hospitality markets. Home Depot initially bought HD Supply in 1997, but sold it in 2007 when began to focus more on its retail operations. The HD Supply acquisition is expected to close in the fourth quarter. Shares rose rose 2% to $279.25 Monday.

Getty Images(CNN) - Home Depot is spending a lot of money to become a bigger player online, but the results aren't working out as well as the retailer had hoped. Home Depot reported revenue that missed forecasts Tuesday morning and lowered its sales outlook, too. Home Depot CEO Craig Menear said in a statement that some of the expected benefits from the company's One Home Depot initiative "will take longer to realize than our initial assumptions." Still, the sales setback for Home Depot Tuesday will only put a small dent in what has otherwise been a solid year for the company. We consider Home Depot something of a leading indicator of sentiment," said Neil Saunders, managing director of GlobalData Retail, in a report.