Home Depot - HD STOCK NEWS

The Home Depot announced a $1.50 cash dividend per share for Q3, payable on December 17, 2020, to shareholders on record by December 3, 2020. This marks the 135th consecutive quarter of dividend payments. The company, recognized as the world's largest home improvement retailer, had $110.2 billion in sales and $11.2 billion in earnings in fiscal 2019, operating over 2,295 stores across North America and employing more than 400,000 associates.

The Home Depot reported a strong performance for Q3 fiscal 2020, with sales reaching $33.5 billion, an increase of 23.2% year-over-year. Comparable sales rose 24.1%, with U.S. comparable sales at 24.6%. Net earnings for the quarter were $3.4 billion, or $3.18 per diluted share, a 25.7% increase from the previous year. The company is investing approximately $1 billion annually in permanent compensation enhancements for frontline associates. Home Depot operates 2,295 stores and employs over 400,000 associates.

The Home Depot, the world’s largest home improvement retailer, has announced its Third Quarter 2020 Earnings Conference Call set for November 17, 2020, at 9 a.m. ET. The discussion will be accessible via a webcast on their investor relations website, with an archive available post-event. In fiscal 2019, The Home Depot reported sales of $110.2 billion and earnings of $11.2 billion. The company operates 2,295 retail stores across multiple regions, including the U.S., Canada, and Mexico, and employs over 400,000 associates.

The Home Depot, the largest home improvement retailer, announced the addition of a new educational video series called Virtual Field Trips to its digital DIY workshops. This series will provide kids exclusive behind-the-scenes tours and insights into product creation. Launching with Bonnie Plants in October and Back to the Roots in November, these tours aim to engage young learners with creative, interactive content. Additionally, The Home Depot plans to expand its partnership with Discovery Education in spring 2021 to enhance digital resources available through Science Fair Central.

The Home Depot has appointed Edward "Ted" P. Decker as president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran, was previously executive vice president of merchandising. His new role encompasses global store operations and supply chain management. Ann-Marie Campbell has been promoted to executive vice president of U.S. stores and international operations, overseeing operations in Canada and Mexico. Jeff Kinnaird takes over as executive vice president of merchandising, while Michael Rowe becomes president of The Home Depot Canada. Richard McPhail will now lead corporate strategy.

The Home Depot has launched a Hurricane & Storm Preparedness Livestream Workshop aimed at helping communities in storm-prone areas prepare for disasters. With NOAA predicting a record number of hurricanes, this initiative will provide essential safety tips and resources. The first workshop begins on Sept. 14 and will air weekly until the end of November. The workshops, free of charge, will cover emergency supply kits, storm tracking, and safety precautions. The Home Depot Foundation has committed $4 million towards disaster relief in 2020, supporting areas affected by various natural disasters.

The Home Depot Foundation announced a $4 million increase in its disaster response commitment for 2020, aimed at supporting communities affected by Hurricane Laura. This includes an additional $500,000 for nonprofit partners actively engaged in relief efforts. The Foundation is distributing relief kits and meals in the impacted areas while mobilizing warehouses nationwide. The company has also contributed to California wildfire relief by donating supplies. The Home Depot Foundation has invested over $350 million in veteran causes since 2011.