All articles tagged with #home depot
Home Depot reported Q1 revenue of $41.8B (up ~4.8% YoY) with comps up 0.6% (U.S. +0.4%), and adjusted EPS of $3.43. FX aided the result, and management guided FY27 revenue of $168.8B–$172.1B with EPS of $14.69–$15.28, prompting a premarket stock move.
The Home Depot reported Q1 FY2026 sales of $41.8 billion (up 4.8% YoY) with 0.6% comparable sales growth; net earnings were $3.29 billion and adjusted EPS $3.43. It reaffirmed fiscal 2026 guidance: about 2.5%–4.5% sales growth, comparable sales roughly flat to +2%, gross margin ~33.1%, operating margin 12.4%–12.6%, and adjusted EPS up about flat to 4% from 2025, with capex ~2.5% of sales and ~15 new stores. The results reflect steady demand amid housing affordability pressures, as the company continues to operate ~2,361 stores and over 1,280 SRS locations with roughly 470,000 associates.
Home Depot beat expectations in Q1 2026 with adjusted EPS of $3.43 on $41.77 billion in revenue and reaffirmed its full-year guidance of 2.5%–4.5% sales growth (up to 4% adjusted EPS growth). Net income was $3.29 billion GAAP, or $3.30 per share. The company notes core homeowners remain engaged but are deferring larger projects amid higher gas prices and weaker housing conditions, while expanding its pro-focused business—backed by acquisitions of SRS Distribution, GMS, and Mingledorff’s—to capture a roughly $700 billion pro market.
Florida Home Depot manager Mauricio Jimenez, 48, was arrested on organized fraud and first-degree grand theft charges after allegedly slashing prices on about 4,500 transactions—totalling roughly $55 million—across multiple stores from December 2023 to April 2026 to boost his bonuses; the scheme allegedly cost the company more than $4 million in unauthorized discounts. Investigators say he abused internal systems to discount orders for repeat core clients; Jimenez was released on a $15,000 bond and ordered to stay away from Home Depot, while his lawyer denies any kickbacks. Home Depot did not comment.
Caroline Ricke’s TikTok experiment at Home Depot compared how male workers treated her in a glamorous black dress versus casual basketball-shorts-and-glasses attire; she says she was warmer and more helpful responses when she dressed casually, while others argue the camera presence and setup biased results, sparking a wider debate about “pretty privilege” in everyday shopping.
Home Depot reported fiscal 2025 results with annual sales of about $164.7B and fourth-quarter sales of $38.2B; US comps rose slightly, with net earnings of $14.16B for the year and $2.57B in Q4, plus adjusted EPS of $14.69 for the year and $2.72 for Q4. The board boosted the quarterly dividend 1.3% to $2.33 per share ($9.32 annual), payable March 26, 2026. For fiscal 2026, the company expects about 2.5%-4.5% sales growth, flat-to up to 2% comp growth, ~15 new stores, gross margin around 33.1%, operating margin roughly 12.4%-12.6% (adjusted 12.8%-13.0%), and adjusted EPS roughly flat to up 4% from 2025, with capital expenditures about 2.5% of sales and about 52 weeks in the year.
Barron’s highlights a weekly stock watchlist led by Nvidia, Warner Bros. Discovery, Berkshire Hathaway, and Home Depot, as markets bounce on tariff news, with upcoming earnings from Constellation, Dell, Intuit, CoreWeave and others.
A curated list of five Home Depot gadgets every DIYer should own: the Husky 2000-lumen rechargeable LED work light, the Gerber Suspension NXT 15-in-1 multi-tool, the Stanley FATMAX 25-ft magnetic tape measure with a carpenter pencil sharpener, the Klein Tools Electrical Test Kit with voltage and receptacle tester, and the Wen electronic digital caliper. These compact, versatile tools are highlighted for practicality, safety, and usefulness across common home projects.
Home Depot cut about 800 corporate jobs at its Atlanta-area store-support center, many of whom were remote workers. Those remaining will return to five days a week in-office starting the week of April 6, with separation packages offered. The move aims to simplify corporate operations and boost agility as the company, facing softer demand, follows other 2026 layoffs by peers like Amazon.
Home Depot said it would lay off 800 workers (about 150 at HQ in Atlanta and the rest from remote roles, mainly in technology) and require corporate staff to work in the office five days a week starting the week of April 6 to boost speed, agility, and connection to customers and frontline workers. The cuts come as housing turnover slows and mortgage rates stay high, contributing to weaker sales. The company expects FY2025 sales to rise ~3% with slightly positive same-store sales and will report Q4 earnings on Feb. 24. Shares have declined about 10% over the past year.
Video captured immigration enforcement activity in a Downey Home Depot parking lot, with agents speeding away and people seen fleeing; authorities have not clarified detentions or reasons for the operation, and Downey officials stressed safety and residents' rights while cooperating with federal law enforcement.
The article advocates for wearing two pairs of gloves—an inexpensive wool liner from stores like McGuire Army Navy and a flexible work glove from Home Depot—to stay warm and maintain dexterity during winter, offering a practical alternative to bulky, waterproof gloves that often fail to dry and perform well.
Immigrant rights advocates and local officials protested outside a Cypress Park Home Depot over alleged high-pitched noise machines installed to deter day laborers, which are claimed to cause health issues and are believed to be an effort to push them away amid immigration enforcement activities. Home Depot stated the measures are for safety and to prevent illegal parking, but did not confirm the use of noise machines. The story is ongoing with plans for further activism.
Day laborers outside a Home Depot in Cypress Park protest against noise machines installed by the company, which emit high-pitched sounds intended to deter them from gathering there, amid ongoing concerns about ICE raids and the impact on immigrant workers. The machines, installed shortly after a recent raid, have caused health issues and added stress for the workers, who see the devices as a form of intimidation and weaponization of sound. The nonprofit IDEPSCA and local officials are calling for the removal of the machines and greater support for the immigrant community.
The article discusses how Home Depot has become a key location in the enforcement of Trump's immigration raids, highlighting the intersection of business and politics in immigration enforcement efforts.