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.
The Home Depot, Inc. reports developments tied to its home improvement retail business, Pro contractor strategy and specialty trade distribution platform. The company operates warehouse-format stores and digital channels for building materials, home improvement products, lawn and garden products, decor, installation services, and tool and equipment rentals across the United States, Canada and Mexico.
Recurring news for HD includes quarterly earnings calls, investor presentations, dividend and guidance updates, technology leadership, marketing partnerships, and acquisitions that expand Pro-facing distribution. The SRS Distribution subsidiary adds coverage in roofing, building products, interior and construction products, landscape, pool and HVAC distribution, extending Home Depot's role beyond retail stores into trade-focused supply channels.
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.
The Home Depot has expanded its military discount to include all U.S. veterans, active service members, and their spouses. Starting December 28, 2021, eligible customers can receive a 10% discount on purchases by pre-registering via The Home Depot app, making it easier to use both in-store and online. The Home Depot Foundation has invested over $400 million in veteran causes since 2011 and aims to invest $500 million by 2025. The company employs approximately 500,000 associates, including over 35,000 veterans and military spouses.
The Home Depot, the leading home improvement retailer, announced that Richard McPhail, CFO, will present at the Morgan Stanley Global Consumer & Retail Virtual Conference on December 2, 2021, starting at 12:10 p.m. ET. The presentation will be available via live webcast and archived afterward. As of Q3, The Home Depot operates 2,317 stores across the U.S., Canada, and Mexico, employing around 500,000 people. The company's stock trades on NYSE under the symbol HD and is part of the Dow Jones Industrial Average and S&P 500.
The Home Depot, the largest home improvement retailer, declared a cash dividend of $1.65 per share for Q3 2021. This dividend will be paid on December 16, 2021, to shareholders on record by the close of business on December 2, 2021. This marks the 139th consecutive quarter of cash dividends paid by the company. As of Q3, Home Depot operates 2,317 retail stores across North America and reported $132.1 billion in sales and $12.9 billion in earnings for fiscal 2020.
The Home Depot will host its inaugural virtual Corporate Career Day on November 30, from 1 to 4:30 p.m. ET, aiming to recruit for various roles within Technology, Marketing, Operations, and Contact Centers. Jobseekers will have access to leader discussions on retail technology, product, and company culture, along with networking opportunities in virtual booths. The company emphasizes its commitment to fostering a supportive culture, offering significant benefits, including over $1 billion in Success Sharing awards distributed in the last three years.
The Home Depot reported a robust third quarter for fiscal 2021, achieving sales of $36.8 billion, a 9.8% increase year-over-year. Comparable sales rose by 6.1%, with a 5.5% increase in U.S. stores. Net earnings reached $4.1 billion, or $3.92 per diluted share, marking a 23.3% rise from the previous year. The company operates 2,317 stores and employs around 500,000 associates. CEO Craig Menear attributed the success to operational agility in meeting ongoing home improvement demand.
The Home Depot Foundation has surpassed $400 million in investments to support U.S. military veterans since 2011. The Foundation aims to reach $500 million by 2025, primarily focusing on housing initiatives. It has improved over 50,000 veteran homes and facilities and aims to end veteran homelessness. The Foundation's Operation Surprise campaign will launch with critical home repairs for veterans. Since 2011, Team Depot has volunteered over 1.25 million hours. Home Depot employs about 500,000 associates and is traded under the symbol HD.
The Home Depot will hold its Third Quarter Earnings Conference Call on November 16 at 9 a.m. ET. The event can be accessed via webcast on the company's investor relations website, with an archive available later in the day. As of the second quarter, The Home Depot operates 2,298 stores across North America, employing about 500,000 associates. In fiscal 2020, the company achieved sales of $132.1 billion and earnings of $12.9 billion. The stock is listed on the NYSE under the symbol HD.
The Home Depot has appointed John Deaton as the new executive vice president of Supply Chain and Product Development, effective November 1, 2021. Deaton, a 14-year veteran of the company, replaces Mark Holifield, who has moved on to lead a last-mile delivery firm. His extensive experience includes overseeing the rollout of 19 Rapid Deployment Centers and leading the transformation of private brand portfolios, contributing significantly to the company’s supply chain advancements.