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 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.
The Home Depot partners with Walmart to enhance delivery services, launching same-day and next-day delivery for home improvement products via Walmart GoLocal. The collaboration aims to enable delivery to 90% of the U.S. population, with plans to expand across multiple markets by year-end. In fiscal 2020, The Home Depot reported digital sales growth of 86%, with total sales reaching $132.1 billion. The initiative emphasizes the companies' commitment to improving convenience for customers in rural and suburban areas.
Summary not available.
Ring has launched Ring Jobsite Security, a customized security solution for job sites, in collaboration with The Home Depot. This system features the Ring Alarm Pro, which offers professional monitoring and connectivity for security devices. Available exclusively through Home Depot, the solution includes various add-ons such as security cameras and sensors, allowing job site managers to tailor their security setup. The introductory price for the 5-Piece Plus Kit starts at $399.99.
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.
Summary not available.
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.