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United States

Home Depot Inc (HD)

HD on New York Consolidated

127.93USD
29 Sep 2016
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Latest Key Developments (Source: Significant Developments)

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

Home Depot posts Q1 earnings per share $1.44
Tuesday, 17 May 2016 06:22am EDT 

Home Depot Inc : The Home Depot announces first quarter results; raises fiscal year 2016 guidance . Q1 earnings per share $1.44 . Q1 sales $22.8 billion versus I/B/E/S view $22.39 billion . Q1 earnings per share view $1.36 -- Thomson Reuters I/B/E/S . Sees FY 2016 earnings per share $6.27 . Sees FY 2016 sales up about 6.3 percent . Comparable store sales for Q1 of fiscal 2016 were positive 6.5 percent . Qtrly comp sales for U.S. stores were positive 7.4 percent. . Comp sales will be up about 4.9 percent in 2016 . Qtrly raised its fiscal 2016 sales guidance . Expects FY sales will be up approximately 6.3 percent and comp sales will be up approximately 4.9 percent .FY2016 revenue view $88.14 billion -- Thomson Reuters I/B/E/S.  Full Article

Home Depot Inc - One World recalls snow blowers over fire hazard - Reuters News
Wednesday, 27 Apr 2016 12:29am EDT 

Home Depot Inc:One World Technologies Inc is recalling about 670 Ryobi snow blowers because they can overheat and cause a fire, the U.S. Consumer Product Safety Commission said on Tuesday. - RTRS.The recall by the Anderson, South Carolina importer of the machines came after two reports of the snow blowers overheating.One consumer saw flames in the machine, though no injuries or property damage has been reported, the commission said in a statement.One World is recalling about 300 Ryobi 40-Volt Brushless Snow Blowers in the United States and roughly 370 in Canada, the statement said.The machines were sold online by Home DepotHD.N from November through February for about $280 for the unit alone and for $350 as part of a kit that included a battery and charger.The snow blowers were made by China's Techtronic Industries (Dongguan) Co Ltd 0669.HK, the statement said.The commission website carries recall information supplied to the agency by companies carrying out recalls.  Full Article

RPT-More issuers looking at 40-year bonds after Home Depot success

NEW YORK, Sept 9 (IFR) - Home Depot's successful 40-year bond this week has piqued the interest of a number of high-grade issuers that have so far this year focused on issuing bonds with maturities only up to 30 years, said bankers.