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Home Depot Says More Than 50 Stores In Areas That Could See Impact From Hurricane Laura
The Home Depot Announces Q2 Results
Home Depot Says Will Open 3 New Distribution Centers In Georgia Over Next 18 Months
The Home Depot, Inc. is a home improvement retailer. The Company offers its customers an assortment of building materials, home improvement products, lawn and garden products, and decor products and provide a number of services, including home improvement installation services and tool and equipment rental. It operates approximately 2,291 The Home Depot stores located throughout the United States (U.S.), including the Commonwealth of Puerto Rico and the territories of the U.S. Virgin Islands and Guam; Canada and Mexico. The Company serve two primary customer groups: do-it-yourself (DIY) Customers and Professional Customers (Pros). DIY Customers include home owners who purchase products and complete their own projects and installations. Professional Customers are primarily professional renovators/remodelers, general contractors, handymen, property managers, building service contractors and specialty tradesmen, such as electricians, plumbers and painters.
Retail (Home Improvement)
2455 Paces Ferry Rd SE
Craig A. Menear
Chairman of the Board, Chief Executive Officer
Edward P. Decker
President, Chief Operating Officer
Richard V. McPhail
Chief Financial Officer, Executive Vice President
Matthew A. Carey
Chief Information Officer, Executive Vice President
Teresa Wynn Roseborough
Executive Vice President, General Counsel and Corporate Secretary
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Total Debt To Equity (MRQ)
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* Interactive graphic on same-store sales: https://tmsnrt.rs/3gfqd97 (Adds details on outlook from conference call; Updates shares)
* Amazon leads gainers in the S&P 500 (Updates with closing prices)
* Interactive graphic on same-stores sales https://tmsnrt.rs/3gfqd97 (Adds details from conference call, updates share)
* Futures up: Dow 0.20%, S&P 0.16%, Nasdaq 0.34% (Adds comment, details, updates prices)
U.S. stock index futures edged higher on Tuesday, extending momentum from a tech-fuelled rally in the prior session that saw the Nasdaq hit a record high, with Home Depot setting an upbeat tone for a slew of business updates from major retailers.
Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as consumers bought more paint, tools and other home improvement products to do minor repair works while stuck at home due to the COVID-19 pandemic.
* Home Depot reports Q2 results on Tuesday, Lowe's on Wednesday
Lowe's Cos Inc warned on Wednesday that high spending on do-it-yourself projects by people hunkered down at home due to coronavirus lockdowns would taper off in the coming months, as a deep economic recession looms on the horizon.
Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic.
* Futures dip: Dow down 0.54% , S&P down 0.51% , Nasdaq down 0.28%
Home Depot Inc reported a 6.4% rise in quarterly same-store sales on Tuesday, as the COVID-19 pandemic caused a surge in demand for cleaning supplies and masks at the home improvement chain's stores.
United Parcel Service Inc for the first time in its 113-year history will be led by a chief executive who did not rise through the ranks of the world's biggest parcel delivery firm.
United Parcel Service Inc on Thursday named former Home Depot executive Carol Tomé as chief executive officer, effective June 1.
Lowe's Cos Inc reported lower-than-expected quarterly sales on Wednesday as it failed to make the most of the strongest U.S. home building market since 2006 unlike larger rival Home Depot Inc.
Lowe's Cos Inc on Wednesday missed quarterly same-store sales estimates as the home improvement chain faced stiff competition from larger rival Home Depot Inc, and forecast annual earnings below estimates.
Home Depot Inc beat quarterly sales and profit estimates on Tuesday, boosted by a strong U.S. housing market and demand during the holiday season.
A top Mexican trade union said on Monday it has suspended its threat to launch a strike at Home Depot stores across Mexico over labor demands, adding it is in talks with the U.S. home improvement chain to improve pay and benefits for workers.
Home Depot Inc, the No. 1 U.S. home improvement chain, on Wednesday forecast 2020 sales below Wall Street expectations and said major investments in its online overhaul program would pressure margins next year.
* Indexes up: Dow 0.11%, S&P 500 0.29%, Nasdaq 0.44% (Updates with close of U.S. market)
The S&P 500 and the Nasdaq indexes opened slightly higher on Wednesday, with investors waiting for the Federal Reserve's decision on monetary policy, while losses in Boeing and Home pressured the Dow Jones index.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.