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Home Depot Inc

Home Depot Inc (HD)

410.45
10.45
(2.61%)
Closed November 21 4:00PM
410.45
0.00
( 0.00% )
Pre Market: 5:32AM

Calls

StrikeBid PriceAsk PriceLast PriceMidpointChangeChange %VolumeOPEN INTLast Trade
385.0024.2526.3020.4425.2754.0424.63 %64411/21/2024
387.500.000.000.000.000.000.00 %00-
390.000.000.000.000.000.000.00 %00-
392.5016.4519.6518.0018.058.1582.74 %11411/21/2024
395.0014.2017.0013.2015.605.8078.38 %226111/21/2024
397.500.000.000.000.000.000.00 %00-
400.000.000.000.000.000.000.00 %00-
402.500.000.000.000.000.000.00 %00-
405.005.406.405.295.903.53200.57 %62128711/21/2024
407.500.000.000.000.000.000.00 %00-
410.002.312.602.472.4552.10567.57 %92099511/21/2024
412.500.000.000.000.000.000.00 %00-
415.000.620.650.650.6350.58828.57 %2,23347011/21/2024
417.500.110.430.300.270.20200.00 %8817711/21/2024
420.000.110.150.110.130.0583.33 %31493311/21/2024
422.500.000.000.000.000.000.00 %00-
425.000.050.070.050.060.03150.00 %4822911/21/2024
427.500.000.000.000.000.000.00 %00-
430.000.000.000.000.000.000.00 %00-
432.500.000.000.000.000.000.00 %00-

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Puts

StrikeBid PriceAsk PriceLast PriceMidpointChangeChange %VolumeOPEN INTLast Trade
385.000.010.830.040.42-0.11-73.33 %3545611/21/2024
387.500.000.000.000.000.000.00 %00-
390.000.000.000.000.000.000.00 %00-
392.500.000.000.000.000.000.00 %00-
395.000.000.000.000.000.000.00 %00-
397.500.000.000.000.000.000.00 %00-
400.000.000.000.000.000.000.00 %00-
402.500.000.000.000.000.000.00 %00-
405.000.390.560.470.475-3.88-89.20 %35241211/21/2024
407.500.000.000.000.000.000.00 %00-
410.001.341.981.831.66-7.76-80.92 %4523311/21/2024
412.502.273.503.052.885-8.38-73.32 %26011/21/2024
415.000.000.000.000.000.000.00 %00-
417.500.000.000.000.000.000.00 %00-
420.009.1011.4511.9510.275-6.76-36.13 %3611/21/2024
422.5011.3513.3521.0012.350.000.00 %00-
425.0013.8515.7019.4014.775-0.000.00 %00-
427.5016.4018.9520.7517.6750.000.00 %00-
430.0018.9021.4528.6020.1750.000.00 %01-
432.500.000.000.000.000.000.00 %00-

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HD Discussion

View Posts
abrooklyn abrooklyn 1 week ago
The Home Depot Announces Third Quarter Fiscal 2024 Results; Updates Fiscal 2024 Guidance
https://ih.advfn.com/stock-market/NYSE/home-depot-HD/stock-news/94887294/the-home-depot-announces-third-quarter-fiscal-2024-results-updates-fiscal-2024
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Monksdream Monksdream 1 month ago
HD new 52 week high
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Monksdream Monksdream 2 months ago
HD new 52/week high
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Bountiful_Harvest Bountiful_Harvest 3 months ago
Home Depot is having big problems. This is one of the biggest sales drops since the 2008-09 housing crash, and suggests that the US Economy and Housing Market is on fragile footing.

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Bountiful_Harvest Bountiful_Harvest 3 months ago
Home Depot Slashes Sales, Profit Outlook As Higher Rates "Pressure Demand":

https://www.zerohedge.com/markets/home-depot-reduces-outlook-consumer-gloom-high-interest-rates-spur-deferral-mindset
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abrooklyn abrooklyn 3 months ago
The Home Depot Announces Second Quarter Fiscal 2024 Results; Updates Fiscal 2024 Guidance

Source: PR Newswire (US)
ATLANTA, Aug. 13, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $43.2 billion for the second quarter of fiscal 2024, an increase of 0.6% from the second quarter of fiscal 2023. Total sales include $1.3 billion from the recent acquisition of SRS Distribution Inc. (SRS), which represents approximately six weeks of sales in the quarter. Comparable sales for the second quarter of fiscal 2024 decreased 3.3%, and comparable sales in the U.S. decreased 3.6%.

The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)

Operating income for the second quarter of fiscal 2024 was $6.5 billion and operating margin was 15.1%, compared with operating income of $6.6 billion and an operating margin of 15.4% for the second quarter of fiscal 2023.

Adjusted(1) operating income for the second quarter of fiscal 2024 was $6.6 billion and adjusted(1) operating margin was 15.3%, compared with adjusted operating income of $6.6 billion and an adjusted operating margin of 15.5% for the second quarter of fiscal 2023.

Net earnings for the second quarter of fiscal 2024 were $4.6 billion, or $4.60 per diluted share, compared with net earnings of $4.7 billion, or $4.65 per diluted share, in the same period of fiscal 2023.

Adjusted(1) diluted earnings per share for the second quarter of fiscal 2024 were $4.67, compared with adjusted diluted earnings per share of $4.68 in the same period of fiscal 2023.

"The underlying long-term fundamentals supporting home improvement demand are strong," said Ted Decker, chair, president and CEO. "During the quarter, higher interest rates and greater macro-economic uncertainty pressured consumer demand more broadly, resulting in weaker spend across home improvement projects. However, the team continued to navigate this unique environment while executing at a high level. I would like to thank our associates for their hard work and dedication to serving our customers and communities."

Fiscal 2024 Guidance

The company updated its fiscal 2024 guidance, which includes 53 weeks of operating results, to reflect the performance in the first half of fiscal 2024 and include SRS:

Total sales to increase between 2.5% and 3.5% including the 53rd week
53rd week projected to add approximately $2.3 billion to total sales
SRS expected to contribute approximately $6.4 billion in incremental sales
Comparable sales to decline between 3% and 4% for the 52-week period compared to fiscal 2023
Comparable sales decline of 3% implies a consumer demand environment consistent with the first half of fiscal 2024
While comparable sales for the company are not currently on the trajectory for the low end of the range, a 4% decline implies incremental pressure on consumer demand
Approximately 12 new stores
Gross margin of approximately 33.5%
Operating margin rate to be between 13.5% to 13.6%
Adjusted(1), (2) operating margin rate to be between 13.8% to 13.9%
Tax rate of approximately 24%
Net interest expense of approximately $2.2 billion
53-week diluted earnings-per-share-percent decline between 2% and 4%
53rd week expected to contribute approximately $0.30 of diluted earnings per share compared to fiscal 2023
53-week adjusted(1), (3) diluted earnings-per-share to decline between 1% and 3%
53rd week expected to contribute approximately $0.30 of adjusted diluted earnings per share compared to fiscal 2023
The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the second quarter, the company operated a total of 2,340 retail stores and over 760 branches across all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 465,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

(1)

The Company reports its financial results in accordance with U.S. generally accepted accounting principles (GAAP). As used above and throughout this earnings release, adjusted operating income, adjusted operating margin, and adjusted diluted earnings per share are non-GAAP financial measures. Refer to the end of this release for an explanation of these non-GAAP financial measures and a reconciliation of the historical non-GAAP financial results used in this release to comparable GAAP results.

(2)

Excludes an expected approximately 30 basis point impact from acquired intangible asset amortization.

(3)

Excludes an expected after-tax impact of approximately $0.30 from acquired intangible asset amortization.

Cautionary Note Regarding Forward-Looking Statements
Certain statements contained herein constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services, including as a result of macroeconomic conditions; net sales growth; comparable sales; the effects of competition; our brand and reputation; implementation of interconnected retail, store, supply chain and technology initiatives; inventory and in-stock positions; the state of the economy; the state of the housing and home improvement markets; the state of the credit markets, including mortgages, home equity loans, and consumer credit; the impact of tariffs; issues related to the payment methods we accept; demand for credit offerings; management of relationships with our associates, potential associates, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; events that could disrupt our business, supply chain, technology infrastructure, or demand for our products and services, such as international trade disputes, natural disasters, climate change, public health issues, cybersecurity events, labor disputes, geopolitical conflicts, military conflicts, or acts of war; our ability to maintain a safe and secure store environment; our ability to address expectations regarding environmental, social and governance matters and meet related goals; continuation or suspension of share repurchases; net earnings performance; earnings per share; future dividends; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; changes in interest rates; changes in foreign currency exchange rates; commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation, including compliance with related settlements; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; store openings and closures; guidance for fiscal 2024 and beyond; financial outlook; and the impact of acquired companies, including SRS, on our organization and the ability to recognize the anticipated benefits of any acquisitions.

Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A. "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 28, 2024 and also as may be described from time to time in future reports we file with the Securities and Exchange Commission. There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.

Non-GAAP Financial Measures
These statements are also supplemented with certain non-GAAP financial measures. When used in conjunction with our GAAP financial measures, we believe these supplemental non-GAAP financial measures will help management and investors to better understand and analyze our performance. However, this supplemental information should not be considered in isolation or as a substitute for the related GAAP measures. Refer to the end of this release for an explanation and definitions of these non-GAAP financial measures and a reconciliation of the historical non-GAAP financial results used in this release to comparable GAAP results
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Canna_Business Canna_Business 5 months ago
Home Depot may face lawsuits regarding "back injuries".
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abrooklyn abrooklyn 6 months ago
The Home Depot Announces First Quarter Fiscal 2024 Results; Reaffirms Fiscal 2024 Guidance

Source: PR Newswire (US)
ATLANTA, May 14, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $36.4 billion for the first quarter of fiscal 2024, a decrease of 2.3% from the first quarter of fiscal 2023. Comparable sales for the first quarter of fiscal 2024 decreased 2.8%, and comparable sales in the U.S. decreased 3.2%.

The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)

Net earnings for the first quarter of fiscal 2024 were $3.6 billion, or $3.63 per diluted share, compared with net earnings of $3.9 billion, or $3.82 per diluted share, in the same period of fiscal 2023.

"The team executed at a high level in the quarter, and we continued to grow market share," said Ted Decker, chair, president and CEO. "And while the quarter was impacted by a delayed start to spring and continued softness in certain larger discretionary projects, we feel great about our store readiness, our product assortment in stores and online, and our associate engagement. Our associates are energized and ready to serve our customers as spring breaks across the country. I would like to thank them for their continued hard work and dedication to serving our customers and communities."

Fiscal 2024 Guidance

The company reaffirms its fiscal 2024 guidance, which includes 53 weeks of operating results. In addition, in March, the Company entered into a definitive agreement to acquire SRS Distribution Inc. (SRS). Since the acquisition has not closed, the following guidance does not reflect any impacts from the SRS acquisition:

Total sales growth of approximately 1.0%, including the 53rd week
53rd week projected to add approximately $2.3 billion to total sales
Comparable sales to decline approximately 1.0% for the 52-week period
Approximately 12 new stores
Gross margin of approximately 33.9%
Operating margin of approximately 14.1%
Tax rate of approximately 24.5%
Net interest expense of approximately $1.8 billion
53-week diluted earnings-per-share-percent growth of approximately 1.0%
53rd week expected to contribute approximately $0.30 of diluted earnings per share
The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the first quarter, the company operated a total of 2,337 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs approximately 465,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

Certain statements contained herein constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services, including as a result of macroeconomic conditions; net sales growth; comparable sales; the effects of competition; our brand and reputation; implementation of interconnected retail, store, supply chain and technology initiatives; inventory and in-stock positions; the state of the economy; the state of the housing and home improvement markets; the state of the credit markets, including mortgages, home equity loans, and consumer credit; the impact of tariffs; issues related to the payment methods we accept; demand for credit offerings; management of relationships with our associates, potential associates, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; events that could disrupt our business, supply chain, technology infrastructure, or demand for our products and services, such as international trade disputes, natural disasters, climate change, public health issues, cybersecurity events, geopolitical conflicts, military conflicts, or acts of war; our ability to maintain a safe and secure store environment; our ability to address expectations regarding environmental, social and governance matters and meet related goals; continuation or suspension of share repurchases; net earnings performance; earnings per share; future dividends; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; changes in interest rates; changes in foreign currency exchange rates; commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation, including compliance with related settlements; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; store openings and closures; guidance for fiscal 2024 and beyond; financial outlook; the successful closing of the SRS acquisition; and the impact of acquired companies on our organization and the ability to recognize the anticipated benefits of any acquisitions.

Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A, "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 28, 2024 and also as may be described from time to time in future reports we file with the Securities and Exchange Commission. There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.
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Monksdream Monksdream 9 months ago
HD new 52 week high
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Monksdream Monksdream 9 months ago
HD new 52 week high
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abrooklyn abrooklyn 9 months ago
The Home Depot Announces Fourth Quarter and Fiscal 2023 Results; Increases Quarterly Dividend by 7.7%; Provides Fiscal 2024 Guidance

Source: PR Newswire (US)
ATLANTA, Feb. 20, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported fourth quarter and fiscal 2023 results.

The Home Depot logo. (PRNewsFoto/The Home Depot) (PRNewsFoto/)

Fourth Quarter 2023
Sales for the fourth quarter of fiscal 2023 were $34.8 billion, a decrease of 2.9% from the fourth quarter of fiscal 2022. Comparable sales for the fourth quarter of fiscal 2023 decreased 3.5%, and comparable sales in the U.S. decreased 4.0%.Β 
Net earnings for the fourth quarter of fiscal 2023 were $2.8 billion, or $2.82 per diluted share, compared with net earnings of $3.4 billion, or $3.30 per diluted share, in the same period of fiscal 2022. For the fourth quarter of fiscal 2023, diluted earnings per share decreased 14.5% from the same period in the prior year.
Fiscal 2023
Sales for fiscal 2023 were $152.7 billion, a decrease of 3.0% from fiscal 2022. Comparable sales for fiscal 2023 decreased 3.2%, and comparable sales in the U.S. decreased 3.5%.Β 
Net earnings for fiscal 2023 were $15.1 billion, or $15.11 per diluted share, compared with net earnings of $17.1 billion, or $16.69 per diluted share in fiscal 2022. For fiscal 2023, diluted earnings per share decreased 9.5% versus last year.Β  Β 
"After three years of exceptional growth for our business, 2023 was a year of moderation," said Ted Decker, chair, president, and CEO. "During fiscal 2023, we focused on several initiatives to strengthen the business while also staying true to our strategic investments of creating the best interconnected experience, growing our pro wallet share through our unique ecosystem of capabilities, and building new stores. We remain excited about the future for home improvement and our ability to grow share in our large and fragmented market, which we estimate to be over $950 billion. I also want to thank our associates for their hard work and dedication to serving our customers and communities."Β 
Dividend Declaration
The Company today announced that its board of directors approved a 7.7% increase in its quarterly dividend to $2.25 per share, which equates to an annual dividend of $9.00 per share.
The dividend is payable on March 21, 2024, to shareholders of record on the close of business on March 7, 2024. This is the 148th consecutive quarter the Company has paid a cash dividend.Β 
Fiscal 2024 Guidance
The company will have 53 weeks of operating results in fiscal 2024 and provides the following guidance for fiscal 2024:
* Total sales growth of approximately 1.0% including the 53rd week
* 53rd week projected to add approximately $2.3 billion to total sales
* Comparable sales to decline approximately 1.0% for the 52-week period
* Approximately 12 new stores
* Gross margin of approximately 33.9%
* Operating margin of approximately 14.1%
* Tax rate of approximately 24.5%
* Net interest expense of approximately $1.8 billion
* 53-week diluted earnings-per-share-percent growth of approximately 1.0%
* 53rd week expected to contribute approximately $0.30 of diluted earnings per share
Β The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.
At the end of the fourth quarter, the company operated a total of 2,335 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs approximately 465,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.
Certain statements contained herein constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services, including as a result of macroeconomic conditions; net sales growth; comparable sales; the effects of competition; our brand and reputation; implementation of interconnected retail, store, supply chain and technology initiatives; inventory and in-stock positions; the state of the economy; the state of the housing and home improvement markets; the state of the credit markets, including mortgages, home equity loans, and consumer credit; the impact of tariffs; issues related to the payment methods we accept; demand for credit offerings; management of relationships with our associates, potential associates, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; events that could disrupt our business, supply chain, technology infrastructure, or demand for our products and services, such as international trade disputes, natural disasters, climate change, public health issues, cybersecurity events, geopolitical conflicts, military conflicts, or acts of war; our ability to maintain a safe and secure store environment; our ability to address expectations regarding environmental, social and governance matters and meet related goals; continuation or suspension of share repurchases; net earnings performance; earnings per share; future dividends; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; changes in interest rates; changes in foreign currency exchange rates; commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation, including compliance with related settlements; the challenges of operating in international markets; the adequacy of insurance coverage; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; store openings and closures; guidance for fiscal 2024 and beyond; financial outlook; and the impact of acquired companies on our organization and the ability to recognize the anticipated benefits of any acquisitions.Β 
Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A, "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2023 and also as may be described from time to time in future reports we file with the Securities and Exchange Commission. There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements
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LegendaryDimension97 LegendaryDimension97 9 months ago
Most improved keep it coming 0-0
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Monksdream Monksdream 10 months ago
HD new 52 week high
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Aceinhibitor561 Aceinhibitor561 11 months ago
$276 to $350 in 5 Weeks is 25% Gains in a Very Short Time!!
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abrooklyn abrooklyn 1 year ago
The Home Depot Announces Second Quarter Fiscal 2023 Results; Reaffirms Fiscal 2023 Guidance; Announces $15 Billion Share Repurchase Authorization

Source: PR Newswire (US)
ATLANTA, Aug. 15, 2023 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $42.9 billion for the second quarter of fiscal 2023, a decrease of 2.0% from the second quarter of fiscal 2022. Comparable sales for the second quarter of fiscal 2023 decreased 2.0%, and comparable sales in the U.S. decreased 2.0%.

Net earnings for the second quarter of fiscal 2023 were $4.7 billion, or $4.65 per diluted share, compared with net earnings of $5.2 billion, or $5.05 per diluted share, in the same period of fiscal 2022.

"We were pleased with our performance in the second quarter," said Ted Decker, chair, president and CEO. "While there was strength in categories associated with smaller projects, we did see continued pressure in certain big-ticket, discretionary categories. We remain very positive on the medium-to-long term outlook for home improvement and our ability to grow share in a large and fragmented market. Our associates did an outstanding job delivering value and service for our customers throughout the quarter, and I would like to thank them for their dedication and hard work."

Fiscal 2023 Guidance

The company reaffirmed fiscal 2023 guidance:

Sales and comparable sales to decline between 2% and 5% compared to fiscal 2022
Operating margin rate to be between 14.3% and 14.0%
Tax rate of approximately 24.5%
Interest expense of approximately $1.8 billion
Diluted earnings-per-share-percent-decline between 7% and 13% compared to fiscal 2022
Share Repurchase Authorization

The board of directors also authorized a new $15 billion share repurchase program effective August 15, 2023, replacing its previous authorization.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the second quarter, the company operated a total of 2,326 retail stores in all 50 states, the District of Columbia, Puerto Rico, the U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs over 470,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor's 500 index.

Certain statements contained herein constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable sales; the effects of competition; our brand and reputation; implementation of store, interconnected retail, supply chain and technology initiatives; inventory and in-stock positions; the state of the economy; the state of the housing and home improvement markets; the state of the credit markets, including mortgages, home equity loans, and consumer credit; the impact of tariffs; issues related to the payment methods we accept; demand for credit offerings; management of relationships with our associates, potential associates, suppliers and service providers; cost and availability of labor; costs of fuel and other energy sources; international trade disputes, natural disasters, climate change, public health issues, cybersecurity events, military conflicts or acts of war, supply chain disruptions, and other business interruptions that could compromise data privacy or disrupt operation of our stores, distribution centers and other facilities, our ability to operate or access communications, financial or banking systems, or supply or delivery of, or demand for, our products or services; our ability to address expectations regarding environmental, social and governance matters and meet related goals; continuation or suspension of share repurchases; net earnings performance; earnings per share; future dividends; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; changes in interest rates; changes in foreign currency exchange rates; commodity or other price inflation and deflation; our ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims, and litigation, including compliance with related settlements; the challenges of international operations; the adequacy of insurance coverage; the effect of accounting charges; the effect of adopting certain accounting standards; the impact of legal and regulatory changes, including changes to tax laws and regulations; store openings and closures; guidance for fiscal 2023 and beyond; financial outlook; and the impact of acquired companies on our organization and the ability to recognize the anticipated benefits of any acquisitions. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control, dependent on the actions of third parties, or currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our historical experience and our expectations and projections. These risks and uncertainties include, but are not limited to, those described in Part I, Item 1A, "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2023 and also as may be described from time to time in future reports we file with the Securities and Exchange Commission. There also may be other factors that we cannot anticipate or that are not described herein, generally because we do not currently perceive them to be material. Such factors could cause results to differ materially from our expectations.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our filings with the Securities and Exchange Commission and in our other public statements.
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Lowjack Lowjack 1 year ago
New website is worse morons!
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eastunder eastunder 2 years ago
HOME DEPOT caps their MILITARY DISCOUNT.

Qualifying members receive 10% off eligible purchases up to a $400 maximum annual discount, every day all year long.

https://www.homedepot.com/c/military/

Lowes Does not

Your Everyday Military Discount has no annual limit. So whether you’re renovating your kitchen or just picking up charcoal for your next barbecue, you can enjoy instant savings.

https://www.lowes.com/l/about/honor-our-military

That alone makes them a pathetic company.
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Mr. Bill Mr. Bill 2 years ago
https://www.brighteon.com/bb7c322e-5f16-4585-abf4-3f307f5fc183
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Mr. Bill Mr. Bill 2 years ago
Filed a complaint with the Illinois Attorney General about home depots "email of a refund which they never issue unless you call them TEN days later and inquire as to why the refund has still not even been issued"...

Corp HD never even honored their word or even attempted to issue the refund in 10 days

i had to drive the whole process...

to send an email alleging a refund has been made and then not issue the refund...

is this going on at a grand scale with many customers?

could well be - if it happened to me the odds are extremely high the same is happening with many other HD customers...

really sad - a individuals or a company's most valuable possession is their reputation

a person's word or a company's word is directly related to their reputation

when you fail to honor your word, you have a direct impact on your reputation!!!
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Mr. Bill Mr. Bill 2 years ago
All future business will be done with LOWES - HD is a known LIAR

How can i do business with a company which LIES and is DISHONEST?

i cannot and YOU SHOULD NOT EITHER
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Mr. Bill Mr. Bill 2 years ago
Home Depot is NOT an honest company -

On Sept 30th they lied to me and told me they were issuing a refund within 3 to 5 days -

They never issued the refund and it appears they never intended to ever issue the refund

10 days later i contacted the local store and they issued me a refund

Unacceptable - Corp HQ LIED when they said they issued the refund on Sept 30th

The REPUTATION of Home Depot (their most valuable asset) is SHIT -

DO NOT DO BUSINESS WITH THIS COMPANY AS THEY ARE DISHONEST AND OF POOR CHARACTER
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Mr. Bill Mr. Bill 2 years ago
Home Depot is NOT an honest company -

On Sept 30th they lied to me and told me they were issuing a refund within 3 to 5 days -

They never issued the refund and it appears they never intended to ever issue the refund

10 days later i contacted the local store and they issued me a refund

Unacceptable - Corp HQ LIED when they said they issued the refund on Sept 30th

The REPUTATION of Home Depot (their most valuable asset) is SHIT -

DO NOT DO BUSINESS WITH THIS COMPANY AS THEY ARE DISHONEST AND OF POOR CHARACTER
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fink fink 2 years ago
Ryobi is awesome for price snd quality. I can’t tell you how many times I go in a Harbor Freight and buy a new era power tool, use it for a job snd trash it. Give it away or leave it on the job. I know, it’s crazy. I’m always within a few miles of a Lowes or a HD. I keep My Ryobi line due to the battery I compile.

I don’t buy a power tool to last generations like my granddads craftsman’s tools from the 60s that still work like a boss.
It’s all about convenance and saving time. One stop shopping is key.
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Lowjack Lowjack 2 years ago
They'll be kicked out in foreclosure! Anyone that wanted to upgrade did it in 2020 when everything became half price! You're lookin' strait in the eyes of 2008 crash X10!

Ryobi is trash! Owned by Techtronic Industries. TTI
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fink fink 2 years ago
Aren’t the guts all made by Ryobi?
HD survives off appliance sales. Higher interests rates means people stay in their home and upgrade.,
HD will kiss $300 after the Nov election. Hope and confidence will flood back into America.
35k shares strong.
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Lowjack Lowjack 2 years ago
Public Service Announcement! Milwaukee borked!

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Lowjack Lowjack 3 years ago
Walmart rolls back prices.

Home Depot, buy it at these new higher prices or well burn it alllllllllllllllllllllllllllllllllllllllllllllllllllllll.
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getmoreshares getmoreshares 3 years ago
yes- looks good here! for BUYERS!!!!!
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Nivea67515 Nivea67515 3 years ago
Scooped me up some HD shares today !!! Feeling good about buying under $300! I’m in this one for the long haul ! Love me some HD shares .
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getmoreshares getmoreshares 3 years ago
wow- DAMNIT!
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getmoreshares getmoreshares 3 years ago
YES good! IMO
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IPO$ IPO$ 3 years ago
PE is at 20.
Is this typically standard?
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getmoreshares getmoreshares 3 years ago
YES
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IPO$ IPO$ 3 years ago
Good signals.
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getmoreshares getmoreshares 3 years ago
directors are acquiring shares!!! two form 4's today
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getmoreshares getmoreshares 3 years ago
neither- got this as an inheritance-- BUT -IMO its going UP!
Like NKE better.
Plan to hold until $400+- as long as its REBOUNDING
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IPO$ IPO$ 3 years ago
Does anyone recommend this stock? Or, does anyone not recommend it?
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getmoreshares getmoreshares 3 years ago
recovery mode-- lets get back to $400
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getmoreshares getmoreshares 3 years ago
selling continues.
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JoEy D BuLL JoEy D BuLL 3 years ago
look at 5yr.. major crash and ur barely down..
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getmoreshares getmoreshares 3 years ago
increasing revs and a larger divi-- UNREAL - down near 6%
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12Jokera 12Jokera 3 years ago
It's a buy sense the robots are making people burn there house down a lot of rebuilds coming!
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georgie18 georgie18 3 years ago
HD...$411...in the P/M...Bearish 3 Gap Ups formed on Friday's close...Lets see How HD reacts to this pattern...:party:
[7:14 AM]
georgie18 β€” 01/03/2021
HD...$265.62...Bullish Harami Cross Reversal Pattern to the Upside...May go from here but hedging bids in the $258/$262 range as a Consolidation Channel Breakout sets up here for the $300 Blue Skies Breakout with NO Topside Resistance...:party:


georgie18 β€” 04/17/2021
HD...$328...setting all time highs...I do not post much on it because there is never any attention given to it on this Discord / Slack Board but setting Record Highs on a Blue Skies Chart deserves some attention...see y'all at $500 some time this year...imo...we shall see...:party:
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Lowjack Lowjack 3 years ago
The live demo you never knew you needed.

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Lowjack Lowjack 3 years ago
As long as the wage is = to Federal or State minimum wage, it is legal!!!

Most of them are not even worth half of the Federal minimum wage.

Supply of employees is up but demand is going lower(Recess)!
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I-Man I-Man 3 years ago
LOL, here's something for you to digest. HOme Depot (Like Lowes) raised employee wages some time ago because theyw ere caring about them working thru covid shutdown scamdemic.. BLAH, BLAH, BLAH,

Well other day, they told all employees they are reducing their hourly wages now that Pandemic is lessened, and peoples' hourly rate just dropped
minimum $1.00 ! Where the hell is State or Federal Wage & Hour Bureaus out there caring for these employees?

This is supposed to be illegal- "dropping anyone's wage rate".. as it relates to work slavery issues...

Look it up.

Very bad thing to see done for morale...
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Lowjack Lowjack 3 years ago
By burning all that overpriced lumber they can't sell!
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Bountiful_Harvest Bountiful_Harvest 3 years ago
https://www.dailywire.com/news/home-depot-co-founder-hits-policy-makers-little-guy-will-be-severely-punished-if-youre-wrong-about-inflation

https://ih.advfn.com/stock-market/NYSE/home-depot-HD/stock-news/85675063/the-home-depot-reduced-carbon-emissions-by-more-th
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Bountiful_Harvest Bountiful_Harvest 3 years ago
Home Depot commits to reaching 100% renewable electricity at its facilities by 2030.

https://www.marketwatch.com/story/home-depot-reduced-carbon-intensity-by-22-last-year-271627383605?mod=mw_quote_news

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james1844 james1844 3 years ago
Home Depot has managed to do pretty well, despite the global coronavirus pandemic. According to Schwab.com, HD has managed to increase earnings by 11.6% every year for the last five years.

For 2022, analysts say HD will generate revenues of 143.6 Billion. This is an 8.7% increase over 2022.

More details, as well as some other stocks you might want to check out here:

https://www.savingadvice.com/articles/2021/07/21/1084826_buy-these-6-housing-stocks-for-a-rocket-to-the-moon.html
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