Key Developments: Home Depot Inc (HD)
79.69USD
22 May 2013
$0.98 (+1.25%)
$78.71
$79.26
$81.56
$79.18
14,834,854
7,394,195
$81.56
$47.68
Latest Key Developments (Source: Significant Developments)
Home Depot Inc Raises FY 2013 Guidance; Raises FY 2013 Comparable Same Store Sales Guidance
Home Depot Inc raised its fiscal 2013 sales guidance and now expects sales to be up approximately 2.8% with comparable store sales up approximately 4.0%. The Company raised its fiscal 2013 diluted earnings per share (EPS) guidance and now expects diluted earnings per share to be up approximately 17% to $3.52. The Company reported revenue of $74.8 billion and EPS of $3.10 in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $77 billion and EPS of $3.54 for fiscal 2013. Full Article
Home Depot Inc Reaffirms FY 2013 Guidance-Conference Call
Home Depot Inc announced that for fiscal 2013, it expects sales growth of approximately 2% and diluted earnings per share growth of 12%. The Company reported revenue of $74.8 billion and EPS of $3.10 in fiscal 2012. Full Article
Home Depot Inc Declares Quarterly Dividend; Announces Share Repurchase
Home Depot Inc announced that Board of Directors declared a 34% increase in quarterly dividend to $0.39 cents per share. The dividend is payable on March 28, 2013, to shareholders of record on the close of business on March 14, 2013. The Board of Directors also authorized a $17.0 billion share repurchase program replacing previous authorization. Since 2002 and through February 3, 2013, the Company has returned more than $37.5 billion of cash to shareholders through repurchases, repurchasing approximately 1 billion shares. Full Article
Home Depot Inc Issues FY 2013 Guidance Above Analysts' Estimates; Comments On FY 2013 Comparable Store Sales Guidance
Home Depot Inc announced that for fiscal 2013, it expects sales growth of approximately 2%, comparable store sales growth of approximately 3% and diluted earnings per share growth after anticipated share repurchases of approximately 12% to $3.37. The Company reported revenue of $74.8 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $74 billion and EPS of $3.05 for fiscal 2013. Full Article
Home Depot Inc Declares Third Quarter Dividend
Home Depot Inc announced that its board of directors declared a third quarter cash dividend of $0.29 per share. The dividend is payable on December 13, 2012, to shareholders of record on the close of business on November 29, 2012. Full Article
Home Depot Inc Raises FY 2012 Guidance
Home Depot Inc updated fiscal 2012 guidance and raised its sales growth guidance to be up approximately 5.2% for the year on a 53-week basis. The Company expects fiscal 2012 diluted earnings per share to be up approximately 18% to $2.92 for the year. On an adjusted basis, the Company raised its diluted earnings per share growth guidance to be up approximately 23% to $3.03 excluding the $0.11 per diluted share impact related to the closing of seven stores in China. The Company reported revenue of $70.395 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $73.799 billion and EPS of $2.97 for fiscal 2012. Full Article
Home Depot Inc Closes Seven Big Box Stores In China; Reaffirms FY 2012 EPS Guidance; Issues Q3 2012 Charge Guidance
Home Depot Inc announced it is closing its remaining seven big box stores in China as the Company shifts its focus in that market to specialty stores and online offerings. The closings will affect approximately 850 associates, who will receive severance packages and job placement assistance. As a result of the store closings, the Company will record an after-tax charge of approximately $160 million, or approximately $0.10 per diluted share, in the third quarter of 2012, which includes impairment of goodwill and other assets, lease terminations, severance and other charges associated with closing the stores. Excluding the approximately $0.10 per diluted share charge associated with the store closings, the Company confirmed that it still expects its fiscal 2012 diluted earnings-per-share (EPS) to be up approximately 19% to $2.95 for fiscal 2012, which is in line with prior guidance. Full Article
Home Depot Inc Declares Second Quarter Dividend Of $0.29
Home Depot Inc announced that its Board of Directors declared a second quarter cash dividend of $0.29 per share. The dividend is payable on September 13, 2012, to shareholders of record on the close of business on August 30, 2012. Full Article
Home Depot Inc Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance
Home Depot Inc reaffirmed fiscal 2012 sales guidance and expects sales to be up approximately 4.6% from the prior year on a 53-week basis. The Company raised fiscal 2012 diluted earnings per share guidance and now expects diluted earnings per share to be up approximately 19% to $2.95. The Company reported revenue of $70.395 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $73.9 billion and EPS of $2.92 for fiscal 2012. Full Article
The Home Depot, Inc. Agrees To Acquire U.S. Home Systems
The Home Depot, Inc. announced a definitive merger agreement for The Home Depot to acquire USHS. USHS, based in Irving, Texas, is currently an exclusive provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot. Under the terms of the agreement, The Home Depot will acquire USHS for $12.50 per share in cash which represents an approximately 38% premium over USHS' closing price on The NASDAQ Global Market on August 6, 2012. The agreement was unanimously approved by USHS's board of directors. The acquisition is expected to close by the end of the calendar year, and is subject to approval by USHS stockholders, applicable regulatory approval and customary closing conditions. J.P. Morgan Securities LLC is serving as The Home Depot's exclusive financial advisor and King & Spalding LLP is acting as legal advisor to The Home Depot. Full Article
Lowe's sales improve after weak start to spring
- No. 2 home improvement chain Lowe's Cos Inc reassured investors that sales trends improved significantly in April and May after seeing a weak start to the spring selling season.
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