Home Depot Stock Price, News & Analysis

The Home Depot (NYSE:HD) has announced that its subsidiary, SRS Distribution, will acquire GMS Inc., a leading North American specialty building products distributor, for $110 per share in a deal valued at approximately $4.3 billion in equity value and $5.5 billion in enterprise value including net debt.

The acquisition will expand SRS's distribution network to over 1,200 locations with a fleet of more than 8,000 trucks, significantly enhancing The Home Depot's capabilities to serve professional contractors. GMS specializes in distributing drywall, ceilings, steel framing, and other construction-related products for residential and commercial markets.

The transaction, expected to complete by the end of fiscal 2025, will be funded through cash and debt. The deal is anticipated to be accretive to adjusted EPS in the first year post-closing, excluding synergies. GMS's current CEO John C. Turner Jr. and his senior leadership team will continue to lead GMS within the SRS organization.

The Home Depot (HD) has appointed Angie Brown as its new Executive Vice President and Chief Information Officer. Brown, a 27-year veteran of the company, will oversee the technology strategy, infrastructure, cybersecurity, and software development across Home Depot's 2,350 retail stores and 790+ branches.

Previously serving as Senior Vice President of IT, Brown has led significant digital transformations in personalization, supply chain visibility, and merchandising analytics. She replaces Fahim Siddiqui, who is departing from the company. CEO Ted Decker praised Brown's customer-first mindset and strategic vision in transforming Home Depot's interconnected experience.

Home Depot (NYSE: HD) has announced a quarterly cash dividend of $2.30 per share, marking its 153rd consecutive quarter of dividend payments. The dividend will be paid on June 18, 2025, to shareholders of record as of June 5, 2025.

The world's largest home improvement retailer currently operates 2,350 retail stores and over 790 branches across the United States, District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, Canadian provinces, and Mexico. The company employs more than 470,000 associates and is a component of both the Dow Jones Industrial Average and S&P 500 index.

The Home Depot (HD) reported Q1 fiscal 2025 sales of $39.9 billion, up 9.4% year-over-year, with comparable sales slightly decreasing by 0.3%. U.S. comparable sales showed a modest increase of 0.2%. Net earnings were $3.4 billion, or $3.45 per diluted share, down from $3.6 billion ($3.63 per share) in Q1 2024. Adjusted diluted EPS was $3.56, compared to $3.67 in the previous year. The company reaffirmed its fiscal 2025 guidance, projecting total sales growth of approximately 2.8% and comparable sales growth of 1.0%. The outlook includes plans for 13 new stores, with expected gross margin of 33.4% and adjusted operating margin of 13.4%. Home Depot currently operates 2,350 retail stores and over 790 branches across North America.

The Home Depot Foundation has announced a $5.5 million investment to support disaster preparedness, response, and rebuilding efforts. Combined with a previous $3 million commitment for Southern California wildfire response, the total 2025 disaster season support reaches $8.5 million.

The funding will support multiple initiatives including: equipping resilience hubs in Puerto Rico and U.S. Virgin Islands, expanding volunteer training programs, implementing a First Responder and Kid Care Kit initiative, and supporting long-term recovery efforts. Key partners include Mercy Corps, Inspiritus, Operation Blessing, and various other nonprofit organizations.

This investment comes in response to the 27 natural disasters in 2024 that each caused over $1 billion in losses. The Foundation has invested more than $550 million in veteran causes since 2011 and aims to invest $750 million by 2030.

Home Depot (NYSE: HD), the world's largest home improvement retailer, has scheduled its First Quarter Earnings Conference Call for Tuesday, May 20, 2025, at 9 a.m. ET. The event will be accessible via webcast at their investor relations website, with a replay available from noon the same day.

As of fiscal 2024, Home Depot operates 2,347 retail stores and over 780 branches across multiple territories including all U.S. states, Canada, and Mexico. The company employs over 470,000 associates and is a component of both the Dow Jones Industrial Average and S&P 500 index.

Home Depot (HD) has significantly expanded its tax-free shopping program for military families through partnerships with Army & Air Force Exchange Service and Navy Exchange Service Command. The program now covers nearly all online products beyond just large appliances, offering access to over 2 million SKUs including power tools, outdoor equipment, and home improvement items.

The program benefits over 34 million eligible military exchange customers, including active-duty service members, dependents, retirees, and veterans. Benefits include tax-free shopping, free shipping on major appliances, and a 10% military discount on full-priced, non-appliance merchandise. Home Depot operates around 90 major appliance showrooms in military exchange stores across the U.S.

The Home Depot (HD) has nominated Asha Sharma, Microsoft's corporate vice president and head of product, AI platform, to its Board of Directors. The election will take place at the company's virtual annual meeting on May 22, 2025.

Sharma currently leads product development and computational design for Microsoft's AI platform, which serves enterprise, developer and data science customers. Her diverse background includes leadership positions at Instacart, Facebook (Meta), and Porch Group, with expertise spanning technology, data protection, cybersecurity, e-commerce, supply chain, finance, operations, and marketing.

CEO Ted Decker highlighted that Sharma's technology and operational experience will support Home Depot's evolution toward an interconnected shopping experience, particularly in implementing generative AI tools.

The Home Depot (NYSE: HD), the world's largest home improvement retailer, has announced that Richard McPhail, executive vice president and CFO, will present at the J.P. Morgan Retail Round Up Conference on Thursday, April 3, 2025 at 9:00 a.m. ET.

The presentation will be accessible through a live webcast on Home Depot's investor relations website and will be archived approximately one hour after the event concludes.

As of fiscal 2024, Home Depot operates:

• 2,347 retail stores
• Over 780 branches
• Presence across all 50 U.S. states, DC, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico
• Workforce of over 470,000 associates