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 reported first-quarter fiscal 2022 sales of $38.9 billion, up 3.8% from last year. Comparable sales rose 2.2%, with U.S. comparable sales increasing 1.7%. Net earnings reached $4.2 billion, translating to $4.09 per diluted share, a 6.0% increase from $3.86 per diluted share in fiscal 2021. The company raised its fiscal 2022 guidance, expecting total and comparable sales growth of approximately 3.0%, operating margin of 15.4%, and diluted EPS growth in the mid-single digits. Home Depot operates 2,316 stores and employs around 500,000 associates.
The Home Depot has been awarded the 2022 ENERGY STAR Retail Partner of the Year for Sustained Excellence, marking the 11th time it has received this honor.
Since 2010, the company has reduced electricity consumption by 44% in its U.S. stores and aims for renewable energy to meet all its electricity needs by 2030. The Home Depot has helped customers save $2.8 billion on utility bills through ENERGY STAR products. Additionally, the company has received three other awards from the EPA, highlighting its commitment to sustainability and energy efficiency.
The Home Depot announced the return of its Kids Workshops to U.S. stores starting May 7, 2022. These workshops will occur on the first Saturday of each month, allowing families to engage in DIY projects. Previously moved to virtual offerings for safety, The Home Depot has donated over 1.6 million workshop kits during this period. The first project will be a Picket Fence Planter, with upcoming activities including a Constellation Viewer and Summer Camper. Participants will receive a kid-sized apron and project completion certificate.
The Home Depot has launched Home Depot Ventures, a $150 million venture capital fund aimed at investing in early-stage companies developing technologies to enhance customer experiences in home improvement. The fund seeks to simplify home ownership processes, enhance professional services for contractors, and drive operational excellence through innovative solutions. Home Depot has a history of successful investments in startups, including companies in the IoT and delivery sectors. The initiative is designed to provide substantial returns and foster business partnerships while aligning with the company's growth strategy.
The Home Depot, the leading home improvement retailer, announced its First Quarter Earnings Conference Call scheduled for May 17, 2022, at 9 a.m. ET. This event will be accessible via webcast, with archives available post-event. At the end of fiscal year 2021, the company operated 2,317 stores across the U.S., Canada, and Mexico, employing approximately 500,000 associates. The Home Depot is part of the Dow Jones Industrial Average and Standard & Poor's 500 index, ranking #18 on the 2021 Fortune 500.
Bonnie Plants has announced a partnership with The Home Depot and AmpleHarvest.org to encourage gardeners to donate their harvest to local food pantries. The initiative includes a $250,000 donation from Bonnie Plants to AmpleHarvest.org to help connect gardeners with food pantries amid rising food insecurity. Participants can grow and donate surplus produce, with Bonnie's Harvest Select line available exclusively at The Home Depot aimed at maximizing yields. This effort highlights the importance of fresh produce donations to fight hunger.
The Home Depot has announced an additional $1 million investment in its Retool Your School Program to enhance 30 Historically Black Colleges and Universities (HBCUs). This 13th edition of the program provides grants of $20,000 to $75,000 for campus improvements. Notably, Alabama State University received $95,000 for its innovative campaign. Since 2009, Home Depot has invested over $5 million into HBCUs, supporting various improvement projects.
The Home Depot has appointed Matt Carey as executive vice president (EVP) of customer experience, effective immediately. Carey, who has 14 years with the company, will focus on enhancing customer interactions across various platforms. Additionally, Fahim Siddiqui has been named EVP and chief information officer (CIO), overseeing technology strategy and infrastructure. The company operates 2,317 stores and employs around 500,000 associates, with its stock listed on the NYSE under the symbol HD.
The Home Depot, the largest home improvement retailer globally, announced that Richard McPhail, CFO, will present at the 8th Annual J.P. Morgan Retail Round-Up Conference. The event is scheduled for 11:00 a.m. ET on April 7, 2022. Interested parties can watch the live webcast at ir.homedepot.com, which will also be archived for later access. As of fiscal year 2021, The Home Depot operates 2,317 stores in the U.S., Canada, and Mexico, employing approximately 500,000 associates. The stock is traded on the NYSE under the symbol HD.
The Home Depot is introducing virtual workshops aimed at assisting Pro contractors in enhancing their business management skills. The interactive livestreams will occur bi-monthly, covering vital topics such as cash flow management and social media strategies. The inaugural workshop, scheduled for March 8, 2022, titled "Money in. Money Out. Manage Your Cashflow to Boost Your Business' Success," will be led by industry experts. Additionally, the Pro Xtra™ loyalty program offers exclusive benefits for members, enhancing their operational efficiency.
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