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.
Home Depot (NYSE: HD) maintains its position as the world's largest home improvement retailer through strategic initiatives and digital innovation. This news hub provides investors and professionals with essential updates on corporate developments, financial performance, and market positioning.
Access curated press releases and analysis covering earnings reports, leadership changes, store expansions, and technology implementations. Our aggregation includes updates on supply chain enhancements, sustainability efforts, and partnership announcements that shape HD's industry leadership.
Key focus areas include quarterly financial disclosures, acquisition strategies like the SRS Distribution expansion, and operational updates affecting HD's 2,300+ North American stores. Bookmark this page for verified updates on shareholder initiatives, product launches, and regulatory developments impacting the home improvement retail sector.
The Home Depot, the largest home improvement retailer globally, has launched a new range of cordless outdoor power equipment, enhancing its offerings for both DIY and professional customers. This new lineup includes products from brands like Ryobi, DeWalt, Makita, and Milwaukee, which emphasize ease of use and environmental benefits. Key products include the RYOBI 40-Volt HP Self-Propelled Mower and the DeWalt 20-Volt MAX Push Mower, among others. The equipment is designed to provide the power and runtime of gas machines without carbon emissions.
The Home Depot Foundation has committed up to $500,000 for relief efforts in response to the devastating winter storms, Uri and Viola. This brings the Foundation's total commitment for 2021 to $4.1 million, including annual grants of $3.6 million to disaster relief partners. The funds will assist with immediate needs like distributing water and essential supplies, as well as short-term recovery efforts. The Foundation collaborates with major nonprofits to address damage in affected areas, particularly in Texas, where it has established connections.
The Home Depot reported strong fourth quarter and fiscal 2020 results with sales reaching $32.3 billion, a 25.1% increase year-over-year. Net earnings rose to $2.9 billion or $2.65 per diluted share, reflecting a 16.2% increase. Fiscal 2020 sales hit $132.1 billion, up 19.9%, with comparable sales growth of 19.7%. The company announced a 10% increase in its quarterly dividend to $1.65 per share. However, due to ongoing uncertainty from the COVID-19 pandemic, The Home Depot did not provide fiscal 2021 guidance.
The Home Depot, the largest home improvement retailer globally, announced its participation in the Raymond James Virtual 42nd Annual Institutional Investors Conference. Ted Decker, president & COO, and Jeff Kinnaird, EVP of merchandising, will present on March 2, 2021, at 1:20 p.m. ET. The event will be webcast live, with an archive available until April 1, 2021. The company operates 2,296 stores across North America and reported $110.2 billion in sales and $11.2 billion in earnings for fiscal 2019. Home Depot's stock is traded on NYSE under the symbol HD.
The Home Depot, the largest home improvement retailer globally, will hold its Fourth Quarter & Fiscal 2020 Earnings Conference Call on February 23, 2021, at 9 a.m. ET. The call will be accessible via a webcast on its investor relations page, with an archived version available post-event. In fiscal 2019, the company reported sales of $110.2 billion and earnings of $11.2 billion. With 2,296 retail stores across North America and over 400,000 associates, Home Depot is a major player in the home improvement market, traded on NYSE: HD.
The Home Depot has opened a new 1.5 million square-foot distribution center in Dallas to enhance its delivery capabilities for online and store orders. This facility aims to improve customer service by offering same-day and next-day delivery to 90% of the U.S. The new center will create approximately 1,500 new jobs and features advanced automation technology and a zero-emission hydrogen fuel cell charging station. This opening is part of a larger $1.2 billion investment to expand their distribution network in the Dallas-Fort Worth area, increasing the total footprint to 4.5 million square feet.
The Home Depot has partnered with Allstate to introduce a new extended protection plan for various products, including appliances and power tools. This plan boasts industry-leading benefits such as a service guarantee within three days, shorter appointment windows, and advanced troubleshooting capabilities. The program aims to enhance customer confidence and satisfaction by ensuring fast and reliable service. Home Depot reported sales of $110.2 billion and earnings of $11.2 billion in fiscal 2019, emphasizing its position as a leader in the home improvement sector.
The Home Depot has successfully acquired HD Supply for an enterprise value of approximately $8 billion. This acquisition positions Home Depot as a key player in the $55 billion maintenance, repair, and operations (MRO) market, complementing its existing business. The tender offer for HD Supply's shares concluded with 82.9% of shares tendered. Shareholders will receive $56 per share in cash. The acquisition is expected to enhance Home Depot's service capabilities for MRO customers and support future growth in the sector.
The Home Depot announced plans to open two new distribution centers in Perth Amboy, New Jersey, within the next year, aiming to enhance delivery options for customers. This expansion is expected to create over 400 jobs in the tri-state area. The new facilities will include a 333,000 square-foot flatbed delivery center to facilitate same-day and next-day delivery for large orders. The company's ongoing commitment to its supply chain includes a $1.2 billion investment announced in 2017, which is part of a larger strategy to build 150 new facilities nationwide.
