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Home Depot, Inc. - HD STOCK NEWS

Welcome to our dedicated page for Home Depot news (Ticker: HD), a resource for investors and traders seeking the latest updates and insights on Home Depot stock.

The Home Depot, Inc. (NYSE: HD) is a leading American multinational home improvement retailer. Founded in 1978, it has grown to become the largest home improvement specialty retailer in the world. The company operates more than 2,300 warehouse-format stores across the United States, Canada, and Mexico, offering a vast array of products that range from tools and construction materials to appliances and services, including fuel and transportation rentals.

Home Depot's stores provide customers with more than 30,000 products in-store and over 1 million products online. Its extensive product line caters to both DIY enthusiasts and professional contractors, featuring building materials, home improvement products, lawn and garden products, and decor items. The company also offers various services such as home improvement installations and tool and equipment rentals.

In 2015, Home Depot acquired Interline Brands, marking its entry into the maintenance, repair, and operations (MRO) business, which was further expanded with the acquisition of HD Supply in 2020. Additionally, the acquisition of The Company Store provided a foothold in the textile market, while Redi Carpet added multifamily flooring to its portfolio.

Despite a modest sales decline in 2023 following three years of significant growth, Home Depot continues to invest in its business operations. The company reported fiscal 2023 sales of $152.7 billion, a 3% decrease from fiscal 2022. Net earnings for fiscal 2023 stood at $15.1 billion, down from $17.1 billion in the previous year. In response, Home Depot has implemented several initiatives to enhance its business, including the creation of interconnected retail experiences and the expansion of its store network.

Home Depot recently announced a 7.7% increase in its quarterly dividend, highlighting its strong financial health and commitment to returning value to shareholders. The company also continues to strengthen its community engagement through initiatives like The Homer Fund, which has granted over $250 million to associates in need since 1999.

In terms of recent developments, Home Depot has entered into a definitive agreement to acquire SRS Distribution Inc., a leader in residential specialty trade distribution. This acquisition is expected to enhance Home Depot's capabilities in serving professional customers, adding significant value and expanding its market presence.

Furthermore, The Home Depot is actively involved in collegiate sports, having recently become an official corporate partner of the NCAA. The partnership includes rights across all 90 NCAA championships, aligning with Home Depot's busiest selling season and enhancing its engagement with sports fans and customers alike.

Home Depot is also committed to sustainability and community support, with initiatives like organic gardening products, native plants, and disaster relief efforts through The Home Depot Foundation. The company's Retool Your School program provides grants to Historically Black Colleges and Universities (HBCUs) for campus enhancements, further showcasing its dedication to community development.

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The Home Depot announced a $1.50 cash dividend per share for Q3, payable on December 17, 2020, to shareholders on record by December 3, 2020. This marks the 135th consecutive quarter of dividend payments. The company, recognized as the world's largest home improvement retailer, had $110.2 billion in sales and $11.2 billion in earnings in fiscal 2019, operating over 2,295 stores across North America and employing more than 400,000 associates.

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The Home Depot reported a strong performance for Q3 fiscal 2020, with sales reaching $33.5 billion, an increase of 23.2% year-over-year. Comparable sales rose 24.1%, with U.S. comparable sales at 24.6%. Net earnings for the quarter were $3.4 billion, or $3.18 per diluted share, a 25.7% increase from the previous year. The company is investing approximately $1 billion annually in permanent compensation enhancements for frontline associates. Home Depot operates 2,295 stores and employs over 400,000 associates.

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The Home Depot, the world’s largest home improvement retailer, has announced its Third Quarter 2020 Earnings Conference Call set for November 17, 2020, at 9 a.m. ET. The discussion will be accessible via a webcast on their investor relations website, with an archive available post-event. In fiscal 2019, The Home Depot reported sales of $110.2 billion and earnings of $11.2 billion. The company operates 2,295 retail stores across multiple regions, including the U.S., Canada, and Mexico, and employs over 400,000 associates.

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The Home Depot, the largest home improvement retailer, announced the addition of a new educational video series called Virtual Field Trips to its digital DIY workshops. This series will provide kids exclusive behind-the-scenes tours and insights into product creation. Launching with Bonnie Plants in October and Back to the Roots in November, these tours aim to engage young learners with creative, interactive content. Additionally, The Home Depot plans to expand its partnership with Discovery Education in spring 2021 to enhance digital resources available through Science Fair Central.

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The Home Depot has appointed Edward "Ted" P. Decker as president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran, was previously executive vice president of merchandising. His new role encompasses global store operations and supply chain management. Ann-Marie Campbell has been promoted to executive vice president of U.S. stores and international operations, overseeing operations in Canada and Mexico. Jeff Kinnaird takes over as executive vice president of merchandising, while Michael Rowe becomes president of The Home Depot Canada. Richard McPhail will now lead corporate strategy.

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The Home Depot has launched a Hurricane & Storm Preparedness Livestream Workshop aimed at helping communities in storm-prone areas prepare for disasters. With NOAA predicting a record number of hurricanes, this initiative will provide essential safety tips and resources. The first workshop begins on Sept. 14 and will air weekly until the end of November. The workshops, free of charge, will cover emergency supply kits, storm tracking, and safety precautions. The Home Depot Foundation has committed $4 million towards disaster relief in 2020, supporting areas affected by various natural disasters.

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The Home Depot Foundation announced a $4 million increase in its disaster response commitment for 2020, aimed at supporting communities affected by Hurricane Laura. This includes an additional $500,000 for nonprofit partners actively engaged in relief efforts. The Foundation is distributing relief kits and meals in the impacted areas while mobilizing warehouses nationwide. The company has also contributed to California wildfire relief by donating supplies. The Home Depot Foundation has invested over $350 million in veteran causes since 2011.

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The Home Depot, the largest home improvement retailer worldwide, announced that Craig Menear, CEO, and Ted Decker, EVP of merchandising, will present at the Goldman Sachs 27th Annual Global Retailing Virtual Conference. The event is scheduled for September 10, 2020, at 11:40 a.m. ET. The presentation will be webcast live and archived for later access at ir.homedepot.com. The Home Depot operates 2,293 stores across the U.S., Canada, and Mexico, generating $110.2 billion in sales and $11.2 billion in earnings in fiscal 2019, and employs over 400,000 associates.

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FAQ

What is the current stock price of Home Depot (HD)?

The current stock price of Home Depot (HD) is $392.45 as of December 23, 2024.

What is the market cap of Home Depot (HD)?

The market cap of Home Depot (HD) is approximately 386.8B.

What does Home Depot sell?

Home Depot sells a wide range of products including tools, construction materials, appliances, home improvement products, lawn and garden products, and decor items. They also offer services like home improvement installations and tool and equipment rentals.

How many stores does Home Depot operate?

Home Depot operates over 2,300 warehouse-format stores across the United States, Canada, and Mexico.

What recent acquisitions has Home Depot made?

Home Depot acquired Interline Brands in 2015, HD Supply in 2020, and recently announced a definitive agreement to acquire SRS Distribution Inc.

What is The Homer Fund?

The Homer Fund is an initiative by Home Depot that has granted over $250 million to more than 180,000 associates in need since 1999.

How is Home Depot involved in sports sponsorships?

Home Depot is an official corporate partner of the NCAA, with rights across all 90 NCAA championships. They also have a long-standing commitment to collegiate sports, including a partnership with CBS Sports' college football coverage.

What sustainability initiatives does Home Depot have?

Home Depot offers organic gardening products, native plants, and partners with local growers to support environmentally beneficial practices. They also engage in disaster relief and community support through The Home Depot Foundation.

How did Home Depot perform financially in 2023?

In fiscal 2023, Home Depot reported sales of $152.7 billion, a 3% decrease from fiscal 2022. Net earnings were $15.1 billion, compared to $17.1 billion in the previous year.

Does Home Depot offer any financial benefits to shareholders?

Yes, Home Depot recently announced a 7.7% increase in its quarterly dividend to $2.25 per share, which equates to an annual dividend of $9.00 per share.

What is the Retool Your School program?

The Retool Your School program by Home Depot provides grants to Historically Black Colleges and Universities (HBCUs) for campus enhancements. Since its inception in 2009, the program has invested more than $12 million in financial support.

How many employees does Home Depot have?

Home Depot employs approximately 465,000 associates.

Home Depot, Inc.

NYSE:HD

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HD Stock Data

386.82B
992.59M
0.06%
72.19%
0.97%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
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United States of America
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