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Key Developments: Home Depot Inc (HD)

HD on New York Consolidated

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27 May 2016
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Latest Key Developments (Source: Significant Developments)

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

Home Depot Inc settles consumer litigation over data breach - Reuters
Tuesday, 8 Mar 2016 11:13am EST 

Home Depot Inc;:Reaches $13 million settlement with consumers over 2014 data breach -- court filing - RTRS.To also fund 1-1/2 years of "identity protection" services for consumers with compromised payment card data--filing.To also take steps to improve data security--filing.Does not admit liability or wrongdoing in agreeing to settle -- filing.Settlement requires court approval Cost of providing identity protection services is $6.5 million -- filing.  Full Article

The Home Depot Inc increases quarterly dividend by 17 percent and announces share repurchases for FY 2016
Tuesday, 23 Feb 2016 06:00am EST 

The Home Depot Inc:Board of directors declared a 17 percent increase in its quarterly dividend to $0.69 per share.Dividend is payable on March 24 to shareholders of record date as on March 10.Says to make share repurchases of about $5.0 billion in FY 2016.  Full Article

The Home Depot Inc gives FY 2016 guidance
Tuesday, 23 Feb 2016 06:00am EST 

The Home Depot Inc:Expects FY 2016 sales growth of about 5.1 to 6.0 pct.Expects FY 2016 diluted EPS growth after anticipated share repurchases of about 12 percent to 13 percent, or $6.12 to $6.18.  Full Article

Home Depot Inc declares third quarter dividend of 59 cents
Thursday, 19 Nov 2015 04:41pm EST 

Home Depot Inc:Declared a third quarter cash dividend of 59 cents per share.Dividend is payable on December 17, 2015, to shareholders of record on the close of business on December 3, 2015.  Full Article

Home Depot Inc updates FY 2015 guidance
Tuesday, 17 Nov 2015 06:00am EST 

Home Depot Inc:Says that based on its year-to-date results and the outlook for fourth quarter, the company expects FY 2015 sales growth of about 5.7 percent, with comps of about 4.9 percent.Expects FY 2015 diluted earnings per share to grow by about 14 percent to $5.36.Says that irs diluted earnings-per-share guidance includes the benefit of its intent to repurchase an additional $2 billion of shares in the fourth quarter, bringing total fiscal 2015 share repurchases to $7 billion.  Full Article

BRIEF-Home Depot sets quarterly dividend of $0.69 per share

* Sets quarterly dividend of $0.69 per share Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)