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 has announced its commitment to $1 million for the 12th year of the Retool Your School program, supporting 30 campus improvement projects at Historically Black Colleges and Universities (HBCUs), marking the highest number of projects funded in a single year. Tougaloo College was awarded $120,000 for its Campaign of the Year. The virtual winners ceremony took place on April 14, 2021, hosted by Laz Alonso, and featured keynote speaker Ruth E. Carter. Since 2009, The Home Depot has invested over $4 million for improvements at 87% of U.S. HBCUs.
The Home Depot, the leading home improvement retailer, announced that Richard McPhail, CFO, will present at the J.P. Morgan 7th Annual Retail Round-Up Virtual Conference on April 15, 2021, at 1:10 p.m. ET. The event will be webcast live, with an archived version available post-event. With 2,298 stores across various locations and sales of $132.1 billion in fiscal 2020, The Home Depot employs approximately 500,000 associates. The stock is traded on NYSE as HD and is part of the Dow Jones Industrial Average.
The Home Depot partners with Habitat for Humanity to support community spring projects, donating over $200,000 in products. This initiative continues a decade-long collaboration that has seen over $24 million granted to Habitat's Repair Corps program since 2011. The first project will enhance the Female Veterans Village in Brevard County, Florida. The partnership aims to empower communities with tools and resources for local revitalization efforts. The Home Depot encourages everyone to engage in DIY projects this spring.
The Home Depot, the largest home improvement retailer globally, has launched a new range of cordless outdoor power equipment, enhancing its offerings for both DIY and professional customers. This new lineup includes products from brands like Ryobi, DeWalt, Makita, and Milwaukee, which emphasize ease of use and environmental benefits. Key products include the RYOBI 40-Volt HP Self-Propelled Mower and the DeWalt 20-Volt MAX Push Mower, among others. The equipment is designed to provide the power and runtime of gas machines without carbon emissions.
The Home Depot Foundation has committed up to $500,000 for relief efforts in response to the devastating winter storms, Uri and Viola. This brings the Foundation's total commitment for 2021 to $4.1 million, including annual grants of $3.6 million to disaster relief partners. The funds will assist with immediate needs like distributing water and essential supplies, as well as short-term recovery efforts. The Foundation collaborates with major nonprofits to address damage in affected areas, particularly in Texas, where it has established connections.
The Home Depot reported strong fourth quarter and fiscal 2020 results with sales reaching $32.3 billion, a 25.1% increase year-over-year. Net earnings rose to $2.9 billion or $2.65 per diluted share, reflecting a 16.2% increase. Fiscal 2020 sales hit $132.1 billion, up 19.9%, with comparable sales growth of 19.7%. The company announced a 10% increase in its quarterly dividend to $1.65 per share. However, due to ongoing uncertainty from the COVID-19 pandemic, The Home Depot did not provide fiscal 2021 guidance.
The Home Depot, the largest home improvement retailer globally, announced its participation in the Raymond James Virtual 42nd Annual Institutional Investors Conference. Ted Decker, president & COO, and Jeff Kinnaird, EVP of merchandising, will present on March 2, 2021, at 1:20 p.m. ET. The event will be webcast live, with an archive available until April 1, 2021. The company operates 2,296 stores across North America and reported $110.2 billion in sales and $11.2 billion in earnings for fiscal 2019. Home Depot's stock is traded on NYSE under the symbol HD.
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The Home Depot, the largest home improvement retailer globally, will hold its Fourth Quarter & Fiscal 2020 Earnings Conference Call on February 23, 2021, at 9 a.m. ET. The call will be accessible via a webcast on its investor relations page, with an archived version available post-event. In fiscal 2019, the company reported sales of $110.2 billion and earnings of $11.2 billion. With 2,296 retail stores across North America and over 400,000 associates, Home Depot is a major player in the home improvement market, traded on NYSE: HD.
The Home Depot has opened a new 1.5 million square-foot distribution center in Dallas to enhance its delivery capabilities for online and store orders. This facility aims to improve customer service by offering same-day and next-day delivery to 90% of the U.S. The new center will create approximately 1,500 new jobs and features advanced automation technology and a zero-emission hydrogen fuel cell charging station. This opening is part of a larger $1.2 billion investment to expand their distribution network in the Dallas-Fort Worth area, increasing the total footprint to 4.5 million square feet.