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.
The Home Depot Foundation, in partnership with Jared Allen's Homes for Wounded Warriors, has provided U.S. Army Sergeant Anesi "Maverick" Tu'ufuli with a new, specially adapted home. Sgt. Tu'ufuli, severely wounded in Iraq in 2005, spends about 50% of his time in a wheelchair. The Foundation also worked with The Home Depot Home to fully furnish and decorate the house to meet his individual needs.
This initiative is part of The Home Depot Foundation's commitment to veteran causes. Since 2011, the Foundation has invested $500 million in veteran causes and helped renovate over 60,000 veteran homes and facilities. The company's dedication to veterans is personal, as many of its associates are veterans or military spouses.
Pentaleap Inc. and Orange Apron Media have partnered to enhance The Home Depot's retail media network. This collaboration aims to provide a superior shopping experience and improved Return on Ad Spend (ROAS) for advertisers. By integrating Pentaleap's platform into its sponsored products strategy, The Home Depot now delivers more relevant ads that align closely with shopper needs during the home improvement journey.
The partnership leverages Pentaleap's Fluid Relevancy Engine, which dynamically positions ads to the right customers at the right time. Advertisers have already observed a notable uptick in ROAS. The Home Depot operates 2,340 retail stores and over 760 branches across various locations, employing over 465,000 associates. This collaboration is expected to further differentiate Orange Apron Media's retail media network in the competitive home improvement market.
The Home Depot (NYSE: HD), the world's largest home improvement retailer, has announced that Ted Decker, chair, president and CEO, and Billy Bastek, executive vice president of merchandising, will present at the Goldman Sachs 31st Annual Global Retailing Conference. The presentation is scheduled for September 4, 2024, at 9:35 a.m. ET and will be webcast live on The Home Depot's investor relations website.
The webcast will be archived and available approximately one hour after the live event concludes. As of the second quarter, The Home Depot operates 2,340 retail stores and over 760 branches across the United States, Canada, and Mexico, employing more than 465,000 associates. The company's stock is traded on the NYSE and is included in the Dow Jones industrial average and S&P 500 index.
The Home Depot (NYSE: HD), the world's largest home improvement retailer, has announced a second quarter cash dividend of $2.25 per share. This dividend will be payable on September 12, 2024, to shareholders of record as of the close of business on August 29, 2024. This marks the 150th consecutive quarter that the company has paid a cash dividend, demonstrating a consistent commitment to shareholder returns.
As of the end of the second quarter, Home Depot operated 2,340 retail stores and over 760 branches across various locations, including all 50 U.S. states, Canada, and Mexico. The company employs more than 465,000 associates and is included in both the Dow Jones Industrial Average and the S&P 500 index.
The Home Depot (NYSE: HD) reported Q2 fiscal 2024 results with sales of $43.2 billion, up 0.6% year-over-year, including $1.3 billion from the recent SRS Distribution acquisition. Comparable sales decreased 3.3% overall and 3.6% in the U.S. Operating income was $6.5 billion with a 15.1% margin. Net earnings were $4.6 billion, or $4.60 per diluted share. The company updated its fiscal 2024 guidance, projecting total sales growth between 2.5% and 3.5%, including a 53rd week, and comparable sales decline between 3% and 4%. The guidance reflects weaker consumer demand due to higher interest rates and economic uncertainty.
The Home Depot (NYSE: HD), the world's largest home improvement retailer, has announced its Second Quarter Earnings Conference Call scheduled for Tuesday, August 13, at 9 a.m. ET. A webcast will be available on the company's investor relations website, with a replay accessible from noon on the same day.
As of the first quarter of fiscal year 2024, The Home Depot operates 2,337 retail stores across all 50 U.S. states, various territories, Canada, and Mexico. The company employs over 465,000 associates and is included in both the Dow Jones Industrial Average and S&P 500 index.
The Home Depot is celebrating 25 years of The Homer Fund, a nonprofit that provides financial assistance to associates facing unforeseen hardships. Since its inception, the fund has awarded $267 million to 185,000 associate families for basic living expenses. This milestone reflects Home Depot's commitment to supporting its workforce, which has contributed to the company's recent recognition on Fortune's Most Admired Companies and Newsweek's Most Trusted Brands lists.
The impact of The Homer Fund is illustrated through the story of Latoya, a 22-year store associate who received support for living expenses and specialized daycare costs when her son was hospitalized. This exemplifies how the fund helps associates navigate challenging personal circumstances while maintaining their employment.
The Home Depot Foundation is investing $9 million to provide housing solutions for over 3,400 homeless veterans. This funding will support the construction of 300 new housing units and the repair of around 200 additional units across the nation. Collaborations with national and local nonprofits will facilitate these efforts. The initiative also includes landlord incentive programs that have seen success in cities like Los Angeles and Chicago. The Foundation aims to counter the rising number of homeless veterans, which was recorded at 35,000 on any given night. Additional funding will support research on housing needs for aging, rural, low-income, and disabled veterans.
The Home Depot has finalized the acquisition of SRS Distribution for $18.25 billion. SRS specializes in residential specialty trade distribution for professionals like roofers, landscapers, and pool contractors. Announced on March 28, 2024, the deal aims to enhance The Home Depot's market reach and service capabilities.
According to CEO Ted Decker, SRS will fit well with The Home Depot's growth strategy, adding value through its strong vision and leadership. The acquisition elevates The Home Depot's total addressable market to around $1 trillion, increasing by $50 billion. The synergy between the two companies aims to bolster service quality and strengthen The Home Depot's leadership in multiple specialty trade verticals.
The Home Depot (NYSE: HD) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act) for its pending acquisition of SRS Distribution Inc. has expired as of 11:59 p.m. on June 13, 2024.
This expiration satisfies a important condition for the completion of the transaction. The acquisition is expected to finalize around June 18, 2024, pending the satisfaction or waiver of customary closing conditions.