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. (NYSE: HD) is widely described in its public communications as the world’s largest home improvement specialty retailer, and its news flow reflects the scale and breadth of its operations. Company and partner announcements highlight developments across home improvement retail, digital innovation, professional services and community impact, giving investors and observers insight into how the business evolves over time.
Recent news emphasizes The Home Depot’s focus on AI and digital capabilities. In partnership with Google Cloud, the company has expanded its Magic Apron assistant into a conversational, agentic AI tool that offers project recommendations to homeowners and professional customers, integrates with local store inventory and provides aisle-level wayfinding. Additional stories describe AI-powered materials list tools for pros, AI-driven route intelligence for last-mile delivery and conversational AI across chat, SMS and voice for customer support.
Other updates showcase The Home Depot’s efforts to support professional customers and large projects. The launch of the AI-powered Blueprint Takeoffs tool, for example, is presented as a way to generate faster, more accurate material lists and estimates for single-family project blueprints, allowing pros to source everything they need through the company. Strategic and financial updates, such as quarterly results, guidance and investor conference presentations, offer context on how these initiatives fit into the company’s broader strategy.
News coverage also includes community and philanthropic initiatives through The Home Depot Foundation, including major grant commitments to veteran housing and skilled trades training, as well as marketing and brand-building efforts such as the Home Depot Creator portal for digital content creators. For anyone tracking HD, this news page brings together earnings releases, strategic updates, technology partnerships, pro-focused tools and community investments in one place, making it a useful reference for following how The Home Depot communicates its priorities and progress.
Home Depot reported Q3 fiscal 2024 sales of $40.2 billion, up 6.6% year-over-year, despite comparable sales declining 1.3%. Operating income was $5.4 billion with a 13.5% margin, while net earnings were $3.6 billion ($3.67 per diluted share). The company updated its fiscal 2024 guidance, projecting total sales to increase approximately 4% but comparable sales to decline 2.5%. The 53rd week is expected to add $2.3 billion to total sales and contribute $0.30 to earnings per share. Home Depot operates 2,345 retail stores and over 780 branches across North America.
The Home Depot Foundation is investing $10 million to help veterans age in place and avoid homelessness. This funding supports the Foundation's goal of a $750 million investment by 2030. The initiative addresses the growing need for accessible housing for aging veterans, with the VA projecting a 535% increase in veterans over 85 needing care in the next 20 years. The funding will facilitate the creation of over 230 new or refurbished rental units, conduct 125 home repairs, provide financial relief to 270 veterans, and complete 400 home adaptations and 7 custom smart homes. The Home Depot Foundation has surpassed $500 million invested in veteran causes since 2011 and aims to impact 50,000 veterans by 2030. The Foundation and Team Depot will also undertake service projects nationwide to enhance the safety and accessibility of veterans' homes.
The Home Depot Foundation has launched its annual Operation Surprise campaign for November 2024, focusing on improving veteran housing accessibility and safety. The Foundation has pledged to invest $750 million in veteran causes by 2030, building upon over $500 million already contributed. Working with Team Depot and nonprofit partners, they will conduct hundreds of service projects nationwide around Veterans Day. Since 2011, Team Depot has completed over 1.6 million volunteer hours serving veterans, demonstrating their commitment to helping veterans age in place safely and comfortably.
The Home Depot (NYSE: HD) announced it will host its Third Quarter Earnings Conference Call on Tuesday, November 12, at 9 a.m. ET. The webcast will be available on the company's investor relations website and archived for later viewing. The company currently operates 2,340 retail stores and over 760 branches across multiple territories including the US, Canada, and Mexico, employing more than 465,000 associates.
The Home Depot has announced the winners of its 2024 Innovation Awards, recognizing products that have transformed home improvement. The Overall Award Winner is the Starlink Standard Kit, providing high-speed internet in remote locations. First Runner Up is Milwaukee FORGE Batteries and Super Charger, offering unmatched power and rapid charging. Second Runner Up is Wago Leverlock Connectors, streamlining wire installation.
The company also recognized several products with honorable mentions, including Feit White Filament LED Bulbs, Fluidmaster Super Flapper and Kit, Glacier Bay kitchen faucets and garbage disposals, Henry Roof Guard Enhanced Acrylic Roof Coating, Krosswood Doors Ready-to-Assemble Doors, Milwaukee M18 FUEL Outdoor Power Tools, Ryobi Lithium Power Scrubber, Scrub Daddy BBQ Tool, and Vigoro Watering Drip Kit.
Additionally, The Home Depot honored outstanding supplier partners in various categories and named Pratt Industries as Environmental Partner of the Year, Echo as Interconnected Partner of the Year, and Whirlpool as Marketing Partner of the Year.
Orange Apron Media, The Home Depot's retail media division, has launched Orange Access, a new comprehensive self-service ad platform powered by Vantage. This platform allows advertisers to plan, activate, optimize, and report on their media campaigns through a single, user-friendly interface. Key features include:
- Easy campaign launch and detailed reporting
- Guided tutorial for optimal campaign setup
- Improved creative technology for banner ads
- Real-time campaign pacing information
- Enhanced placements and targeting
- Intuitive measurement and reporting dashboards
- Centralized billing and reconciliation
Orange Apron Media collaborated with Pentaleap and Kevel to enhance ad server capabilities, aiming to improve onsite campaign performance and advance advertising inventory.
The Home Depot has been awarded three prestigious recognitions by the U.S. Environmental Protection Agency (EPA) for 2024:
- Safer Choice Partner of the Year
- SmartWay Excellence Award
- WaterSense Sustained Excellence Award
These accolades highlight The Home Depot's commitment to sustainability, including choosing safer product ingredients, reducing freight emissions, and promoting water-efficient products. Candace Rodriguez, senior director of sustainability, emphasized the company's focus on driving meaningful change for customers, communities, and the planet. The awards recognize The Home Depot's efforts in making environmentally friendly products more accessible and affordable across thousands of U.S. stores.
The Home Depot Foundation has committed up to $2 million for immediate disaster relief in communities affected by Hurricane Helene. The Foundation is working with various nonprofit partners to provide essential support:
- Convoy of Hope and Operation Blessing are distributing food, water, and supplies.
- World Central Kitchen is providing meals in Florida, Georgia, and North Carolina.
- American Red Cross has opened shelters for over 9,000 people.
- Team Rubicon and Inspiritus are conducting damage assessments.
- ToolBank Disaster Services is supplying tools for cleanup efforts.
Team Depot, The Home Depot's volunteer force, is donating supplies and will assist in cleanup efforts across affected states. The Homer Fund is providing financial support to impacted Home Depot associates.
The Home Depot Foundation has announced over $2 million in new grants to address the skilled labor gap in the United States. This initiative comes as the construction industry faces more than 400,000 open jobs in fields like carpentry, plumbing, electrical, and HVAC, with projections showing growth to 3.9 million open jobs in the next decade.
Key components of this initiative include:
- A partnership with 100 Black Men of America, Inc. and Home Builders Institute (HBI) to provide skilled trades training and career opportunities for youth, with $500,000 in additional funding.
- A $710,000 grant to HBI for training programs targeting separating service members and youth.
- Over $1 million invested in scholarships for trades education through SkillPointe Foundation and Folds of Honor.
These efforts aim to support the next generation of skilled tradespeople and address the growing demand in the home improvement sector.
The Home Depot (HD) has achieved a significant milestone in eliminating harmful packaging materials. The company has removed expanded polystyrene (EPS) foam and polyvinyl chloride (PVC) film from new packaging for its private-brand products in the U.S., Canada, and online. In 2023 alone, HD eliminated 6.0 million cubic feet of EPS and 39 million square feet of PVC film from its packaging.
The company has set a new goal for all new private-brand fiber packaging to be compostable, recyclable, or made from recycled content across U.S. and Canada stores by fiscal 2027. This initiative is part of HD's broader sustainability strategy, which aims to create long-term success for associates, customers, communities, and shareholders while promoting operational efficiencies and minimizing waste.