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United States

Home Depot Inc (HD.N)

HD.N on New York Stock Exchange

161.10USD
25 Sep 2017
Change (% chg)

$1.13 (+0.71%)
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$159.97
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$160.07
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$159.75
Volume
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Latest Key Developments (Source: Significant Developments)

Home Depot on conf call- Q2 big-ticket transactions up 12.4%
Tuesday, 15 Aug 2017 12:06pm EDT 

Aug 15 (Reuters) - Home Depot Inc :On conf call- pro sales once again outpaced diy sales in Q2.On conf call- because of outperformance in first half versus our plan, increasing fy sales and earnings per share guidance.On conf call- Q2 online sales grew about 23% versus last year.On conf call- lumber, electrical, tools and flooring had double-digit comps in Q2.Plumbing, millwork, kitchen and bath, outdoor garden, hardware, paint and lighting were positive, but below company average in Q2.Q2 big-ticket transactions over $900, which represent about 22% of u.s. Sales, were up 12.4%, driven by appliances, flooring, certain pro heavy categories.Q2 transactions for tickets under $50, which make up about 16% of our u.s. Sales, grew by 1.5% , reflecting return of our outdoor garden business.CFO- "based on what we're seeing in the stores today, our pros are not on vacation".  Full Article

U.S. CPSC says Lumicentro Internacional with Home Depot recalls about 10,500 crystal chandeliers
Wednesday, 5 Jul 2017 02:33pm EDT 

July 5 (Reuters) - U.S. Consumer Product Safety Commission::Lumicentro Internacional with Home Depot recalls about 10,500 crystal chandeliers due to fire & burn hazards.No injuries or property damage have been reported.There have been 39 reports of plastic on crystal chandeliers burning, melting, wires burned, overheating in 4-light chandelier.There has been 1 report of crystal chandeliers catching fire.  Full Article

S&P says Home Depot Inc.'s proposed senior unsecured notes rated 'A'
Tuesday, 6 Sep 2016 11:52am EDT 

S&P Global Ratings:S&P - Home Depot Inc.'s proposed senior unsecured notes rated 'A'.  Full Article

Fitch rates Home Depot Inc.'s proposed Sr. unsecured notes 'A'
Tuesday, 6 Sep 2016 09:59am EDT 

Fitch Ratings :Fitch rates Home Depot, Inc.'s proposed Sr. unsecured notes 'A'.  Full Article

Home Depot declares Q2 dividend of 69 cents
Thursday, 18 Aug 2016 04:32pm EDT 

Home Depot Inc :Home Depot declares second quarter dividend of 69 cents.  Full Article

Home Depot CFO- "Encouraged by strength of core business as housing market continues to recover"
Tuesday, 16 Aug 2016 10:00am EDT 

Home Depot Inc : On conf call - pro-sales outpaced diy business in US in Q2 . On conf call - 'buy online, pickup in store' rollout expected to be completed by end of fiscal year . CEO- "instituting a high degree of change across many business areas...in Q2 identified several opportunities for improvement particularly around inventory management and freight handling " . Q2 drivers behind the increase in big-ticket purchases were HVAC, appliances and roofing . Q2 transactions for tickets over $900 representing about 20 percent of U.S. Sales were up 8.1 percent . CFO- " recent GDP growth estimates suggest a slowdown in us economy from what we expected but we are encouraged by strength of our core business as housing market continues to recover" . CFO- lifting full-year eps growth guidance principally because of better expense control and therefore more operating leverage than anticipated at end of Q1 . CFO- for remainder of fiscal year intend to repurchase about $2.5 billion of stock, bringing total anticipated 2016 share repurchases to $5 billion . Have a pilot of 20 stores where interline assortments can be shopped inside home depot stores . Taking expense growth forecast down, now expect expense growth to be about 32% of sales growth, down from about 40%.  Full Article

Home Depot Q2 EPS $1.97
Tuesday, 16 Aug 2016 06:00am EDT 

Home Depot Inc : Q2 earnings per share view $1.97 -- Thomson Reuters I/B/E/S . Sees FY 2016 sales up about 6.3 percent . The home depot announces second quarter results . Q2 sales $26.5 billion versus I/B/E/S view $26.49 billion . Sees FY earnings per share $6.31 . Qtrly comp sales for U.S. Stores were positive 5.4 percent . Reaffirmed its fiscal 2016 sales guidance . Expects FY diluted earnings per share to grow approximately 15.6 percent from fiscal 2015 to $6.31 . Comparable store sales for q2 of fiscal 2016 were positive 4.7 percent . Sees 2016 comp sales to be up approximately 4.9 percent .FY earnings per share view $6.32 -- Thomson Reuters I/B/E/S.  Full Article

Home Depot sets quarterly dividend of $0.69 per share
Thursday, 19 May 2016 04:36pm EDT 

Home Depot Inc :Sets quarterly dividend of $0.69 per share.  Full Article

A.G. Schneiderman settles with Home Depot and Lowe’s over alleged violations of state law protecting New York waters
Wednesday, 18 May 2016 08:28am EDT 

A.G. Schneiderman announces settlement with home depot and lowe’s over alleged widespread violations of state law protecting new york waters : Home depot will pay $78,000 and lowe’s will pay $52,000, in penalties to new york state for the alleged violations . Separate settlements with home depot,lowe’s home centers over alleged violations of 2010 state law designed to reduce water pollution .90% of home depot stores and lowe’s stores – 16 of 18 – in new york inspected had one or more alleged violations of the law.  Full Article

Home Depot CEO on conf call- Believe housing data indicates continued tailwinds for our business
Tuesday, 17 May 2016 10:10am EDT 

Home Depot : CEO - "weather had somewhat of a positive impact ...and certainly drove variability in demand , Q1 was not an early spring story" . In certain markets where 'buy online deliver from store' has been introduced, demand has been much stronger than anticipated . Expect 'buy online deliver from store' to be fully rolled out by end of fiscal year . CEO- " our view of macro environment remains consistent. We believe housing data indicates continued tailwinds for our business" . Exec - unseasonably warm February was followed by a more normal march and april, spring has not yet arrived in many of our markets . Exec - drivers behind increase in Q1 big-ticket purchases were appliances, roofing, sheds and windows . CFO on conf call - estimate weather driven demand positively impacted U.S. Sales growth by approximately $250 million. . CFO - continue to see housing market strength ; home price appreciation, housing turnover and household formation trending as expected . CFO - continue to see housing market strength; home price appreciation, housing turnover and household formation trending as expected . CEO- "with a warm february we had a great start to the year and we saw outdoor project business in the north very, very strong" . CFO-"ordinarily don’t raise our sales growth guidance so early in the year, going to roll forward some of our q1 out-performance".  Full Article

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Harvey, Irma to hit U.S. apparel retailers more than restaurants

Industry-wide retail sales in August and September will fall in the wake of hurricanes Harvey and Irma, with apparel retailers such as Gap Inc expected to take a longer-term hit than restaurant operators including Starbucks Corp .