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Despite headwinds including macroeconomic trends and adverse weather, Home Depot maintains a strong outlook for the remainder of 2015, its CEO, Craig Menear, said Thursday.
"If you look at our performance last year, we were extremely pleased. We set record performance, highest retail sales in our company history. We're off to a reasonably good start," Menear told CNBC's "Closing Bell. "
Tough winter weather and issues at West Coast ports pressured the home improvement retailer's business in recent months, Menear said. He believes Home Depot will sustain its momentum through low oil prices and a looming Federal Reserve interest rate hike.
"We're not overly concerned about it," Menear said of a rate increase, adding that Fed action would mean the central bank was confident in the U.S. economy.
A move by the Fed likely means rising mortgage rates—and more costs—for homeowners. Although Home Depot has a strong base in oil-rich states like Texas, Menear contends that it hasn't seen any repercussions from the sharp drop in U.S. crude.
Home Depot shares have surged as oil reeled. Its stock has climbed more than 40 percent in the last year as oil slid more than 50 percent.
"The majority of our growth in our stock has been driven by performance and driven by the fact that we have great product," Menear said.
He touted technological developments that will drive home improvement moving forward. Lithium batteries and "smart" hot water systems and sprinklers, among other devices, offer new possibilities, he said.
Menear also outlined developments in Home Depot's digital business, adding that roughly 40 percent of online orders end up in brick-and-mortar stores, driving more business there.
He also downplayed the effects of a widespread data breach, which Home Depot first revealed in September. Hackers accessed consumer card and email information, the company said last year.