But the group's profits will come under more pressure when it reports results for the six months to the end of August on Wednesday.
Analysts at N+1 Singer said Home Retail would benefit from current trends, but faced big challenges over the longer-term.
They said: "The business continues to benefit from near-term tailwinds including favourable product cycles and competitor weakness, however we continue to harbour concerns that greater structural change might be required at Argos, and the Homebase refurbishment programme is overly cash-hungry."
Whitbread will report half-year results on Tuesday following recent speculation over plans to spin-off its Costa Coffee chain.
The market talk helped deliver a surge in its share price, which had lost some of its shine after its last trading update revealed a testing summer for the group as the hot weather knocked Costa's sales growth.
Whitbread, which also owns the Premier Inn hotel chain, and Beefeater and Brewers Fayre pubs, said trading conditions were flat across the country as household budgets remained under intense pressure, with the exception of London, where business was booming.
Department store chain Debenhams posts annual figures on Thursday after a mixed year for the group due to volatile weather conditions.
The firm, which has 236 stores across 27 countries, warned over profits in March due to the impact of January's snowstorms, while dismal spring weather also dampened demand for new season ranges.
But an impressive online performance, together with buoyant trading over the July heatwave, helped offset some of the earlier sales woes with like-for-like sales up 2% overall in the year to August 31.
The sales rebound is expected to have helped limit the bottom line hit from earlier in the year, with analysts expecting a 3% fall in full-year pre-tax profits to £153 million.
Online sales have been a star performer for the group, rising by 46.2% over the year.
It has increased its market share in fashion and online thanks to store revamps and the addition of a raft of new designers, including Hammond & Co by Patrick Grant - its first new designer menswear brand for 10 years.
Flora and Hellmann's firm Unilever sent shockwaves through the consumer goods sector late last month when it issued a surprise warning due to worse-than-expected trading in emerging markets.
The firm, which updates on Thursday, said emerging market sales growth was expected to have slowed to between 3% and 3.5% in the third quarter, against market expectations of around 5%, sending shares in the firm and rivals such as Cillit Bang to Vanish rival Reckitt Benckiser sharply lower.
Unilever blamed fluctuating currencies for the slowdown, with emerging market currencies having suffered in recent months, hitting profits at firms trading with those countries.