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 Foundation has announced a $5.5 million investment to support disaster preparedness, response, and rebuilding efforts. Combined with a previous $3 million commitment for Southern California wildfire response, the total 2025 disaster season support reaches $8.5 million.
The funding will support multiple initiatives including: equipping resilience hubs in Puerto Rico and U.S. Virgin Islands, expanding volunteer training programs, implementing a First Responder and Kid Care Kit initiative, and supporting long-term recovery efforts. Key partners include Mercy Corps, Inspiritus, Operation Blessing, and various other nonprofit organizations.
This investment comes in response to the 27 natural disasters in 2024 that each caused over $1 billion in losses. The Foundation has invested more than $550 million in veteran causes since 2011 and aims to invest $750 million by 2030.
Home Depot (NYSE: HD), the world's largest home improvement retailer, has scheduled its First Quarter Earnings Conference Call for Tuesday, May 20, 2025, at 9 a.m. ET. The event will be accessible via webcast at their investor relations website, with a replay available from noon the same day.
As of fiscal 2024, Home Depot operates 2,347 retail stores and over 780 branches across multiple territories including all U.S. states, Canada, and Mexico. The company employs over 470,000 associates and is a component of both the Dow Jones Industrial Average and S&P 500 index.
Home Depot (HD) has significantly expanded its tax-free shopping program for military families through partnerships with Army & Air Force Exchange Service and Navy Exchange Service Command. The program now covers nearly all online products beyond just large appliances, offering access to over 2 million SKUs including power tools, outdoor equipment, and home improvement items.
The program benefits over 34 million eligible military exchange customers, including active-duty service members, dependents, retirees, and veterans. Benefits include tax-free shopping, free shipping on major appliances, and a 10% military discount on full-priced, non-appliance merchandise. Home Depot operates around 90 major appliance showrooms in military exchange stores across the U.S.
The Home Depot (HD) has nominated Asha Sharma, Microsoft's corporate vice president and head of product, AI platform, to its Board of Directors. The election will take place at the company's virtual annual meeting on May 22, 2025.
Sharma currently leads product development and computational design for Microsoft's AI platform, which serves enterprise, developer and data science customers. Her diverse background includes leadership positions at Instacart, Facebook (Meta), and Porch Group, with expertise spanning technology, data protection, cybersecurity, e-commerce, supply chain, finance, operations, and marketing.
CEO Ted Decker highlighted that Sharma's technology and operational experience will support Home Depot's evolution toward an interconnected shopping experience, particularly in implementing generative AI tools.
The Home Depot (NYSE: HD), the world's largest home improvement retailer, has announced that Richard McPhail, executive vice president and CFO, will present at the J.P. Morgan Retail Round Up Conference on Thursday, April 3, 2025 at 9:00 a.m. ET.
The presentation will be accessible through a live webcast on Home Depot's investor relations website and will be archived approximately one hour after the event concludes.
As of fiscal 2024, Home Depot operates:
- 2,347 retail stores
- Over 780 branches
- Presence across all 50 U.S. states, DC, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, and Mexico
- Workforce of over 470,000 associates
Home Depot has released its first 'What Are You Working On? – Spring Project Report' based on a new survey revealing key insights about Americans' spring home improvement habits. The survey shows that 64% of homeowners and renters consider spring to begin with their first home project, with spring cleaning being the most common starter task.
Key findings include: 65% look forward to spring cleaning, with 85% reporting mental health benefits; 76% prefer cordless power tools; 68% of gardeners say planting makes them happy; and 62% grill year-round. The company announced two major sales events: Spring Black Friday (April 3-16, 2025) and Spring Deal Days (April 24-May 7, 2025), featuring discounts on outdoor power equipment, gardening supplies, and seasonal items.
Additionally, Home Depot introduced Magic Apron, an AI tool designed to assist customers with spring projects by providing guides, answering questions, and summarizing product reviews.
The Home Depot (NYSE: HD) has secured an exclusive agreement with Behr Paint Company to be the only home improvement big box retailer to offer KILZ® branded primer products in the United States and Puerto Rico. The expanded partnership builds on their long-standing relationship, with Behr products being sold at Home Depot since 1979 and KILZ primers since 1991.
The exclusive deal includes popular products like KILZ Original®, KILZ PVA®, KILZ 2®, KILZ 3 Premium®, KILZ Restoration® and KILZ Mold & Mildew®. This strategic move aims to enhance Home Depot's relationship with professional customers by offering deeper job lot quantities both in-store and through distribution channels, streamlining the shopping experience for contractors.
The Home Depot (HD) has launched Magic Apron, a pioneering suite of generative AI tools designed to assist customers with home improvement projects and product inquiries. Available 24/7, this AI-powered system is trained on Home Depot's proprietary knowledge base and product catalog, providing how-to instructions, product suggestions, and project guidance.
Currently implemented across millions of product pages on homedepot.com and the company's mobile app, Magic Apron can answer product questions, provide project guides, and summarize product reviews. The system will soon expand to Home Depot's Pro B2B site and introduce new features across homedepot.com, including project inspiration, design ideas, product comparisons, and comprehensive advice.
The Home Depot (HD) announced key executive changes, with Michael Rowe appointed as Executive Vice President of Pro, effective immediately. Rowe, a 19-year company veteran previously serving as president of Home Depot Canada, will lead the expansion of Pro market capabilities including delivery, salesforce development, technology, and CRM tools.
Stephanie Smith has been promoted to EVP and will succeed Tim Hourigan as EVP of Human Resources upon his retirement on June 6, after 23 years with the company. Smith, previously Senior VP of Supply Chain, will oversee leadership development and associate engagement for over 470,000 employees.
Additionally, Vinod Nalajala has been promoted to president of Home Depot Canada. Nalajala, who started as a sales associate in 2001, has served in various leadership roles including VP of human resources, central operations, and asset protection.