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Home Depot - 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.

Overview of The Home Depot

The Home Depot, Inc. (NYSE: HD) is the world’s largest home improvement retailer, offering a comprehensive range of tools, construction products, appliances, and services. Headquartered in Atlanta, Georgia, the company operates over 2,300 retail stores across the United States, Canada, and Mexico, serving both DIY enthusiasts and professional contractors. With a robust omnichannel strategy, Home Depot combines in-store experiences with a sophisticated e-commerce platform to meet diverse customer needs.

Core Business Model

Home Depot generates revenue primarily through the sale of home improvement products, including building materials, hardware, and garden supplies. Complementing its retail operations, the company offers a variety of services such as tool rentals, installation, and repair solutions. A significant portion of its business caters to professional contractors, supported by acquisitions like SRS Distribution, which enhance its capabilities in specialty trade distribution. This focus on the professional segment underscores its strategic efforts to capture high-value, repeat customers.

Market Position and Competitive Landscape

Operating in the competitive retail and home improvement industry, Home Depot maintains a leading position through its expansive product offerings, extensive store network, and strong brand recognition. Key competitors include Lowe’s, Ace Hardware, and regional players. Home Depot differentiates itself by leveraging its scale, supply chain efficiency, and customer-centric innovations, such as its retail media network, Orange Apron Media, which enhances supplier and advertiser engagement.

Operational Strengths

  • Omnichannel Retail: Home Depot integrates physical stores with a robust online platform, providing seamless shopping experiences through options like curbside pickup and home delivery.
  • Professional Customer Focus: The company’s Pro Xtra loyalty program and acquisitions like SRS Distribution strengthen its appeal to professional contractors and trade specialists.
  • Supply Chain Excellence: With a vast distribution network, Home Depot ensures product availability and timely delivery, even for complex project needs.
  • Retail Media Innovation: Through Orange Apron Media, Home Depot monetizes its digital presence by offering targeted advertising solutions to suppliers and brands.

Industry Context and Challenges

The home improvement industry is influenced by economic cycles, housing market trends, and consumer spending patterns. Home Depot faces challenges such as competition, rising operational costs, and the need to adapt to evolving consumer expectations. However, its strategic investments in technology, sustainability, and professional customer segments position it to navigate these dynamics effectively.

Commitment to Sustainability

Home Depot integrates sustainability into its operations by promoting eco-friendly products, reducing packaging waste, and partnering with local growers for gardening supplies. These efforts align with its broader mission to support communities and minimize environmental impact.

Significance for Investors

As a component of the Dow Jones Industrial Average and S&P 500 Index, Home Depot is a key player in the retail sector. Its diversified revenue streams, focus on operational efficiency, and strategic growth initiatives make it a noteworthy company for investors seeking exposure to the home improvement market.

Rhea-AI Summary
The Home Depot (HD) Press Release Summary: Maureen Caine finds a sense of belonging at The Home Depot after a fresh start. She has been working for more than 10 years as a customer order specialist in Columbia, South Carolina, where she feels cared for and has found a home.
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The Home Depot (HD) store manager Dawayne Gates in Houma, Louisiana, is recognized for his community service and leadership, as highlighted in the Behind the Apron video docuseries. The company emphasizes its core values and encourages career seekers to visit careers.homedepot.com for opportunities.
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The Home Depot (HD) spreads holiday joy through Kids Workshops at military bases coast to coast, encouraging creativity, problem-solving, skill building, and social interaction for young DIYers. More than 100 families joined festive Kids Workshops at Naval Air Station in Jacksonville and Camp Pendleton in San Diego. The company is committed to giving back to the military community, offering free workshops on the first Saturday of every month.
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The Home Depot (HD) store manager Kierra Blake shares her career journey and the company's culture emphasizing the importance of taking care of employees. The company's video docuseries, 'Behind the Apron', highlights associate stories and core values. The PR focuses on The Home Depot's commitment to professional development and community service.
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The Home Depot (HD) Foundation completes its annual veteran service campaign, Operation Surprise, supporting military veterans and their families.
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The Home Depot (HD) contributed $215 billion to the U.S. economy in 2022, exceeding the GDP of 18 states. For every one job at the company, more than four additional jobs are supported across the U.S. economy. The company supported 2.2 million jobs, directly created over 400,000 jobs, and promoted 65,000 associates in the U.S. The Home Depot's economic impact includes $60 billion of total tax impact and over $22 billion directly contributed to government finances in 2022. The company's stores, warehouses, and offices occupy 300 million square feet, and its associates have volunteered over 2 million hours to communities across the U.S. The Home Depot Foundation has invested over $500 million in veteran causes since 2011 and plans to invest $750 million by 2030.
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Mill Point Capital LLC (NYSE: HD) has entered into a definitive agreement to sell International Designs Group (IDG) to The Home Depot. IDG is a distributor, seller, and custom fabricator of design-oriented surfaces, appliances, and architectural specialty products. The company serves professional customers across renovation, remodeling, new construction, and multi-family. Under Mill Point’s ownership, IDG completed transformational acquisitions, expanded its geographic footprint, and broadened its product offering. The exceptional management team has driven efficiencies and executed key strategic initiatives, including the development of proprietary brands. The transaction is expected to close by the end of 2023.
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The Home Depot (HD) - Acquisition Expected to Accelerate Capabilities to Better Serve the Pro Customer's Complex Project Needs. The Home Depot has entered into a definitive agreement to acquire International Designs Group (IDG), a platform company that owns and operates Construction Resources and other design-oriented subsidiaries. Construction Resources is a leading distributor of design-oriented surfaces, appliances, and architectural specialty products for professional (Pro) contractors. The acquisition aims to capture a larger share of the $475 billion addressable market represented by Pro spend. The combination of Construction Resources' expertise in complex projects with The Home Depot's scale and distribution expertise is expected to expand the capabilities offered to Pro customers, particularly those focused on renovation and remodeling. The acquisition is expected to close by the end of 2023.
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The Home Depot (NYSE: HD) declares a third-quarter cash dividend of $2.09 per share, payable on December 14, 2023, to shareholders of record on November 30, 2023. This marks the 147th consecutive quarter of cash dividend payments. The company operates 2,333 retail stores in various locations and employs approximately 470,000 associates.
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The Home Depot (HD) reported a decrease in sales and net earnings for the third quarter of fiscal 2023, with a 3.0% sales decline and a 3.1% decrease in comparable sales. Net earnings were $3.8 billion, or $3.81 per diluted share, compared to $4.3 billion, or $4.24 per diluted share, in the same period of fiscal 2022. The company attributes the decline to continued customer engagement in smaller projects and pressure in certain big-ticket, discretionary categories.
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FAQ

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

The current stock price of Home Depot (HD) is $389.69 as of March 3, 2025.

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

The market cap of Home Depot (HD) is approximately 392.0B.

What does The Home Depot do?

The Home Depot is a home improvement retailer offering tools, construction products, appliances, and services to DIY customers and professional contractors.

How does Home Depot generate revenue?

Home Depot generates revenue through the sale of home improvement products, tool rentals, installation services, and retail media advertising.

What is Home Depot's market position?

Home Depot is the largest home improvement retailer globally, competing with companies like Lowe’s and Ace Hardware.

What is Home Depot's focus on professional customers?

Home Depot caters to professional contractors through specialized services, loyalty programs like Pro Xtra, and acquisitions such as SRS Distribution.

What is Orange Apron Media?

Orange Apron Media is Home Depot's retail media network, offering advertising solutions to suppliers and enhancing customer shopping experiences.

How does Home Depot address sustainability?

Home Depot promotes sustainability by reducing packaging waste, offering eco-friendly products, and partnering with local growers for gardening supplies.

What are the challenges Home Depot faces?

Home Depot faces challenges such as economic cycles, competition, and adapting to changing consumer preferences.

How does Home Depot integrate online and in-store shopping?

Home Depot uses an omnichannel retail strategy, offering services like curbside pickup, home delivery, and a seamless e-commerce platform.

What industries does Home Depot serve?

Home Depot serves the home improvement, construction, and professional contracting industries, catering to both residential and commercial projects.

Where does Home Depot operate?

Home Depot operates over 2,300 stores across the U.S., Canada, and Mexico, with additional distribution networks supporting its operations.
Home Depot

NYSE:HD

HD Rankings

HD Stock Data

391.97B
986.80M
0.06%
72.11%
1.07%
Home Improvement Retail
Retail-lumber & Other Building Materials Dealers
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United States
ATLANTA