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 Foundation has pledged up to $1 million for disaster relief and recovery efforts in Hurricane Ida-affected areas, raising its 2021 contributions to over $6 million. The Foundation's Team Depot plans to assemble more than 1,000 disaster relief kits with essential supplies. The company activated its disaster response teams, sending hundreds of trucks loaded with crucial items to affected communities. Additionally, the Homer Fund has distributed nearly $272,000 in emergency assistance to over 400 associates impacted by the hurricane.
The Home Depot, the largest home improvement retailer globally, has declared a second quarter cash dividend of $1.65 per share. This dividend will be payable on September 16, 2021, to shareholders recorded by the close of business on September 2, 2021. This marks the 138th consecutive quarter of dividend payments from the company. In fiscal 2020, The Home Depot reported sales of $132.1 billion and earnings of $12.9 billion, employing approximately 500,000 associates.
The Home Depot reported $41.1 billion in sales for Q2 fiscal 2021, marking an 8.1% increase year-over-year. Net earnings reached $4.8 billion ($4.53 per diluted share), up from $4.3 billion ($4.02 per diluted share) in Q2 fiscal 2020, reflecting a 12.7% rise in diluted earnings per share. U.S. comparable sales rose 3.4%, contributing to over $40 billion in quarterly sales for the first time. The company operates 2,298 stores and employs approximately 500,000 associates.
The Home Depot has launched three new distribution centers in Baltimore, creating nearly 500 jobs. This 1.5 million square-foot campus enhances delivery options for local customers. With a focus on meeting the needs of Pro and DIY customers, the facilities aim to provide same-day and next-day delivery to 90% of the U.S. population. The Baltimore market is vital for the company's supply chain strategy. This expansion aligns with a broader $1.2 billion investment in supply chain improvements, including the addition of approximately 150 new facilities nationwide.
The Home Depot, the world's largest home improvement retailer, will hold its Second Quarter Earnings Conference Call on August 17, 2021, at 9 a.m. ET. The event will be accessible via webcast at ir.homedepot.com, where an archived version will be available post-event. The company reported $132.1 billion in sales and $12.9 billion in earnings for fiscal 2020, operating 2,298 stores across various locations including the U.S., Canada, and Mexico. Home Depot is traded on the NYSE under the ticker HD.
The Home Depot reported a significant reduction of over 127,000 metric tons in Scope 1 and 2 carbon emissions, achieving a 22% reduction in carbon intensity in 2020. The company aims for 100% renewable electricity by 2030, enhancing its environmental initiatives. The company also joined the Science Based Targets initiative, committing to set Scope 1, 2, and 3 goals by 2023. In fiscal 2020, it recorded $132.1 billion in sales, with earnings of $12.9 billion, while prioritizing diversity, equity, and community support.
The Home Depot and Google Cloud have renewed their partnership to enhance the customer shopping experience by integrating physical and digital environments. Building on a strong foundation of tech infrastructure, The Home Depot aims to improve service offerings like the 'Rent Online, Pick Up In Store' feature. The collaboration leverages Google Cloud's AI, machine learning, and BigQuery tools to optimize inventory management and personalize customer interactions. The Home Depot reported $132.1 billion in sales for 2020, underlining the significance of this partnership in navigating evolving consumer needs.
The Home Depot has introduced "Rent Online, Pick-up In Store" technology across its 1,300 rental locations in North America, enhancing customer convenience for Pro and DIY customers. This online system allows equipment reservations up to 30 days in advance and facilitates quick access to tools and vehicles, improving the rental experience. Additionally, The Home Depot has opened eight new Rental Centers, further solidifying its leadership in the U.S. equipment rental market. In fiscal 2020, the company reported sales of $132.1 billion and earnings of $12.9 billion.
The Home Depot announced that Tutanota LLC has made an unsolicited mini-tender offer to purchase up to 1 million shares at $360 each. The company advises shareholders to decline this offer as it is contingent on Home Depot's stock exceeding the offer price, which may not happen. Tutanota lacks current financing for this offer, and the Home Depot disclaims any affiliation with it. The SEC warns that mini-tender offers do not afford the same protections as larger ones. The expiration for this offer is set for June 18, 2021.
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