Home Depot Stock Price, News & Analysis

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.

The Home Depot announced the appointment of Paula Santilli, CEO of PepsiCo Latin America, and Caryn Seidman-Becker, CEO of CLEAR, to its board of directors effective March 1, 2022. This addition brings the total number of board members to 14. Santilli has extensive experience in retail and international operations, previously holding various roles at PepsiCo since 2001. Seidman-Becker, with a background in asset management and technology, aims to contribute strategic insights. The board changes are expected to enhance operational strategy and customer engagement.

The Home Depot reported strong financial results for Q4 and fiscal 2021, with sales of $35.7 billion, a 10.7% increase from the previous year, and a net income of $3.4 billion, or $3.21 per diluted share, reflecting a 21.1% rise.

For the entire fiscal year, sales reached $151.2 billion, up 14.4%, with net earnings of $16.4 billion, translating to $15.53 per diluted share, a 30.1% increase.

A 15% dividend increase to $1.90 per share was announced, marking the 140th consecutive quarter of cash dividends.

The Home Depot, the leading home improvement retailer, has scheduled its Fourth Quarter & Fiscal 2021 Earnings Conference Call for February 22, 2022, at 9 a.m. ET. During this call, the company will share initial guidance for Fiscal 2022 and provide an update on its strategic initiatives. The call is expected to conclude by 10:30 a.m. ET. The Home Depot currently operates 2,317 stores across the U.S., Canada, and Mexico, employing approximately 500,000 associates. HD is traded on the NYSE and included in major indices like the Dow Jones and S&P 500.

The Home Depot is adding over 100,000 new associates for the spring season, responding to increased home investment by customers. Job positions include customer service, sales, freight, and warehouse roles, with a focus on flexible full-time and part-time availability. The company will hold a Virtual Spring Career Day on Feb. 16, 2022, offering insights into career opportunities and growth. Additionally, Home Depot offers various benefits, including a success sharing bonus program, upskilling initiatives, and educational reimbursement, totaling over $1 billion awarded to associates in the past three years.

The Home Depot announced the appointment of Edward "Ted" Decker as CEO and president, effective March 1, 2022. Decker, who has been with the company for 22 years, previously served as president and COO, managing global operations and merchandising. Craig Menear will continue as Chair of the Board. Greg Brenneman, the lead director, praised Menear's leadership in fostering a strong management team and driving strategic vision. The Home Depot operates 2,317 stores globally and employs around 500,000 associates, with its stock traded on NYSE under the symbol HD.

The Home Depot has launched enhanced commercial credit offerings aimed at Pro Customers, introducing the Pro Xtra Credit Card and updates to the Commercial Account Card, both backed by Citi Retail Services. These cards provide Pro Xtra members with benefits such as a $100 credit upon opening a new Pro Xtra Credit Card and the ability to earn Pro Xtra Perks four times faster. The enhancements include extended return periods, itemized billing, and flexible billing preferences, including a 2% early payment discount. These changes aim to improve the shopping experience for professional customers.