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 is enhancing disaster preparedness in remote U.S. areas ahead of the hurricane season. Following a year marked by $28 billion in weather-related disasters, the Foundation collaborates with nonprofit organizations to stage supplies for immediate and long-term disaster response. Key initiatives include a partnership with Mercy Corps' Caribbean Resilience Initiative to support Puerto Rico and the U.S. Virgin Islands, as well as efforts to expand emergency food distribution in Alaska. The goal is to equip local organizations for quick and effective disaster response.
The Home Depot Foundation has committed over $6 million to various national and local nonprofits to aid communities in preparing for and recovering from natural disasters. This initiative focuses on equipping response organizations in remote areas with necessary supplies and equipment for timely disaster response. Key partners include Mercy Corps in the Caribbean, expanding emergency food distribution in Alaska, and ongoing support for long-term recovery in areas affected by wildfires in California and historic flooding in Kentucky. Additional support includes grants for organizations like Operation Blessing, American Red Cross, and World Central Kitchen.
The Home Depot has appointed Jordan Broggi as EVP of Customer Experience and President of Online, effective June 3, 2024. Broggi, with 11 years at the company, will oversee online operations, merchandising strategy, and customer experience for The Home Depot's digital properties. He previously served as SVP and President of Online, and SVP of Finance. Matt Carey, current EVP of Customer Experience, will retire on December 31, 2024, after 16 years at The Home Depot. During his tenure, Carey led significant technological advancements, transforming The Home Depot into an interconnected retailer.
Morris Brown College, a historically Black college in Atlanta, Georgia, has faced significant challenges, nearly closing in 2012. However, it has shown resilience, graduating its largest class in 20 years as of May 2024.
Supporting this resurgence, The Home Depot's Retool Your School program is facilitating campus transformations. Since its inception in 2009, the program has invested over $12 million in needs-based grants for HBCU campus renovations.
President Kevin James emphasized the important role of community support in the college's growth and resurgence. For more information on this year's Retool Your School winners, visit RetoolYourSchool.com.
The Home Depot and Instacart have announced a nationwide partnership to offer same-day delivery from nearly 2000 store locations across the U.S. Customers can order a wide range of home improvement items, including garden essentials, building supplies, and light fixtures, on Instacart’s platform and receive deliveries in as fast as an hour. The service, which includes Instacart's Big & Bulky fulfillment solution, covers heavy items up to 60 pounds. This expansion follows a successful pilot earlier this year and aims to enhance The Home Depot's e-commerce capabilities. The partnership facilitates greater flexibility and convenience for customers.
The Home Depot, the world's largest home improvement retailer, announced a first-quarter cash dividend of $2.25 per share, payable on June 13, 2024, to shareholders of record as of May 30, 2024.
This marks the 149th consecutive quarter that the company has issued a cash dividend.
As of the end of Q1 2024, Home Depot operates 2,337 stores across various regions including all 50 U.S. states, Canada, Mexico, and several U.S. territories. The company employs around 465,000 associates.
Home Depot's stock is traded on the NYSE under the ticker symbol HD and is a component of both the Dow Jones Industrial Average and the S&P 500 index.
The Home Depot has launched a Military Moving hub to support military families with relocations, unveiled on Armed Forces Day. The hub provides tailored information to help military families save time and money during Personally Procured Moves (PPM), including a downloadable permanent change of station (PCS) checklist. With frequent relocations being a significant challenge for military families, this initiative aims to alleviate stress and offer convenience. The hub features moving truck rentals, boxes, décor, cleaning materials, and exclusive discounts, such as a 10% off benefit for active military, veterans, and their spouses. Additionally, Penske truck rentals are discounted by 15% for military personnel, and tax-free shopping is available through military exchange services. The Home Depot has pledged significant investments in veteran causes, totaling over $500 million since 2011, and plans to invest $750 million by 2030.
The Home Depot has launched a Military Moving Hub to support U.S. Armed Forces and their families during relocations. Announced on May 15, 2024, to coincide with Armed Forces Day, the program offers exclusive discounts and resources tailored to military personnel. The hub provides information to help military families save time and money on Personally Procured Moves (PPM) and features a downloadable permanent change of station (PCS) checklist. Military families, who often relocate every 2-3 years, can access moving truck rentals with a 15% discount and a 10% discount on eligible purchases year-round. The Home Depot also partners with Military Exchange Services for tax-free shopping on major appliances. This initiative is part of The Home Depot's ongoing commitment to veteran causes, with significant investments planned through The Home Depot Foundation.
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.