Home Depot's latest financial report shows a slight dip in earnings and revenue. The company made $4. 6 billion, which is a bit less than expected. Their sales also fell short, with $45. 2 billion in revenue compared to the predicted $45. 3 billion. Despite this, it's still an improvement from the first quarter's $39. 8 billion. The company's CEO, Ted Dinker, said t...
Home Depot just made a huge move. They are buying GMS, a company that sells building supplies, for a whopping $4. 3 billion. This deal is all about Home Depot wanting to sell more to professionals like electricians, roofers, and renovators. These folks buy a lot of supplies and do big projects all year round. The deal is expected to wrap up by early 2026. Home Depot...
In the heart of Hollywood, a bustling Home Depot parking lot served as a lifeline for many Latino immigrants. This is where Emma De Paz and Abelino Perez Alvarez, along with other vendors, set up shop daily. They sold everything from tamales to orange juice, catering to the needs of day laborers seeking work. This makeshift community was more than just a place to ear...
The spring season is a crucial time for home improvement retailers, particularly Home Depot. This period, often dubbed the "Christmas" of the industry, sees a significant boost in sales. The company has kicked off its Memorial Day outdoor sales event, running until May 28. This event is a big deal, featuring hefty discounts on plants, landscaping materials, and large...
Home Depot recently announced its third-quarter earnings, showing a solid 6% increase in sales compared to last year. This boost was due to the acquisition of a new business and higher demand for home improvement supplies spurred by better weather and hurricane-related repairs. The company even raised its full-year sales projection to around 4%, up from the initial 2...
Bernard "Bernie" Marcus, co-creator of the mega-retailer The Home Depot, has passed away at the age of 95. Marcus, along with Arthur Blank, started the company back in 1978. They transformed the home improvement industry with their innovative approach, turning The Home Depot into a retail giant with over 2, 300 stores and a market value nearing $400 billion. Marcus ...
Are you curious why Home Depot keeps thriving no matter what the economy throws at it? Renowned financial expert Jim Cramer has some interesting insights. He calls Home Depot a special stock – both secular and cyclical. That means Home Depot doesn't just rely on economic booms; it can keep growing even when times are tough. Cramer listed four big reasons why Home De...