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.
Home Depot (NYSE: HD) maintains its position as the world's largest home improvement retailer through strategic initiatives and digital innovation. This news hub provides investors and professionals with essential updates on corporate developments, financial performance, and market positioning.
Access curated press releases and analysis covering earnings reports, leadership changes, store expansions, and technology implementations. Our aggregation includes updates on supply chain enhancements, sustainability efforts, and partnership announcements that shape HD's industry leadership.
Key focus areas include quarterly financial disclosures, acquisition strategies like the SRS Distribution expansion, and operational updates affecting HD's 2,300+ North American stores. Bookmark this page for verified updates on shareholder initiatives, product launches, and regulatory developments impacting the home improvement retail sector.
The Home Depot reported its fiscal 2024 first-quarter results with sales of $36.4 billion, down 2.3% year-over-year. Comparable sales fell 2.8%, with U.S. comparable sales down 3.2%. Earnings were $3.6 billion, or $3.63 per diluted share, compared to $3.9 billion, or $3.82 per diluted share, a year prior. The company reaffirmed its fiscal 2024 guidance, projecting 1.0% sales growth and a comparable sales decline of 1.0%. It also announced a definitive agreement to acquire SRS Distribution Inc. but noted the guidance does not account for this acquisition. The 53rd week is expected to add $2.3 billion in sales and $0.30 in EPS. The Home Depot operates 2,337 retail stores globally and employs 465,000 associates.
The Home Depot Foundation commits up to $300,000 to support tornado and severe flooding relief efforts in various states impacted by recent natural disasters. They have partnered with several organizations to provide immediate assistance and long-term recovery efforts. The Home Depot is actively involved in distributing emergency supplies and support to affected communities.
The Home Depot Foundation supports U.S. Army Ranger MSG Cedric King, a double amputee, by providing a specially adapted smart home. King, a decorated veteran, now motivates others with his story. The Home Depot has partnered to build over 90 smart homes for combat-wounded veterans since 2011.
The Home Depot, the world's largest home improvement retailer, will host its First Quarter Earnings Conference Call on May 14 at 9 a.m. ET. The company operates 2,335 retail stores and employs approximately 465,000 associates. The stock is traded on NYSE under the symbol 'HD'.
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