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Home Depot Inc (HD.N)

HD.N on New York Stock Exchange

170.45USD
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Home Depot declares Q3 dividend of 89 cents
Friday, 17 Nov 2017 

Nov 16 (Reuters) - Home Depot Inc :The Home Depot declares third quarter dividend of 89 cents.  Full Article

Home Depot CFO- Don't see housing market slowdown in 2018, 2019 and 2020
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Home Depot Inc :On conf call - online sales rose about 19 percent in q3, now representing about 6.2% of total sales.Lumber, appliances, electrical, indoor garden and tools had double digit comp sales in Q3, building materials and flooring above company's average comp.Several stores, particularly in areas like Puerto Rico, St. Thomas and St. Croix, were forced to remain closed for an extended period.Q3 big-ticket sales - transactions over $900- which represent about 22% of our U.S. Sales, were up 12.1%.Q3 increase in big-ticket sales was driven by strength in appliances, vinyl plank floorings and several pro heavy categories.Q3 sales to professional customers grew double-digits, pro-heavy categories such as lumber, wire, insulation, had double-digit growth.CFO- "macro environment remains supportive, and we believe housing is a tailwind for our business".CFO- "as we think about housing broadly and fears of slowdown, we don't see that for 2018, 2019 and 2020".  Full Article

Home Depot says Q3 earnings per share $1.84
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - Home Depot Inc -:The Home Depot announces third quarter results; updates fiscal year 2017 guidance.Q3 earnings per share $1.84.Q3 sales $25 billion versus I/B/E/S view $24.55 billion.Q3 earnings per share view $1.82 -- Thomson Reuters I/B/E/S.Sees FY 2017 sales up about 6.3 percent.Home Depot Inc - ‍comparable store sales for Q3 of fiscal 2017 were positive 7.9 percent​.Home Depot Inc - ‍estimates that hurricane-related sales positively impacted comparable store sales growth by approximately $282 million in fiscal Q3​.Qtrly ‍comp sales for U.S. stores were positive 7.7 percent​.Home Depot Inc - ‍in fiscal Q3, company also incurred approximately $104 million of hurricane-related expense​.Home Depot Inc - ‍as a result of hurricanes, company's operating profit was negatively impacted by approximately $51 million in fiscal Q3​.Home Depot-‍raised EPS growth guidance for FY 2017 & now expects earnings-per-share growth of approximately 14.0 percent from fiscal 2016 to $7.36​.FY earnings per share view $7.34 -- Thomson Reuters I/B/E/S.Home Depot Inc - ‍sees FY 2017 comp sales will be up approximately 6.5 percent​.Home Depot Inc - diluted earnings-per-share growth guidance includes impact of $8 billion of share repurchases for fiscal 2017​.  Full Article

U.S. CPSC says outlet converters recalled by Ningbo Litesun Electric with Home Depot
Tuesday, 10 Oct 2017 

Oct 10 (Reuters) - U.S. Consumer Product Safety Commission::Outlet converters recalled by Ningbo Litesun Electric with Home Depot due to shock and fire hazards.About 42,000 outlet converters recalled by Ningbo Litesun Electric with Home Depot due to shock & fire hazards​.  Full Article

Home Depot on conf call- Q2 big-ticket transactions up 12.4%
Tuesday, 15 Aug 2017 

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
Thursday, 6 Jul 2017 

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 

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 

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

Home Depot declares Q2 dividend of 69 cents
Friday, 19 Aug 2016 

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 

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

BRIEF-Home Depot declares Q3 dividend of 89 cents

* The Home Depot declares third quarter dividend of 89 cents Source text for Eikon: Further company coverage: