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 released its 2020 Responsibility Report, highlighting sustainability efforts and progress in corporate responsibility. Key commitments include generating 335 megawatts of renewable energy by 2025 and eliminating EPS foam and PVC from private brand packaging by 2023. The company has cut greenhouse gas emissions by 10% in 2019, significantly reducing electricity use in U.S. stores. Noteworthy social initiatives include over $1 billion in expanded COVID-19 benefits and a task force for racial equality, showcasing its focus on people, sustainability, and community strengthening.
The Home Depot has announced that starting July 22, 2020, masks will be mandatory for shoppers in all U.S. stores. This decision follows a trend, as approximately 85% of stores already require them.
Exceptions apply for small children and individuals with valid medical conditions. The company emphasizes safety measures, including social distancing and providing masks to customers who need them. Home Depot reported sales of $110.2 billion and earnings of $11.2 billion in fiscal 2019, employing over 400,000 associates.