November 16, 2010
Home Depot Inc. said Tuesday a tight lid on expenses helped the largest U.S. home-improvement retailer's third-quarter net income rise 21 percent, despite a lackluster 1 percent revenue increase as home owners continue to hold back on bigger renovation projects. The company trimmed its revenue guidance for the year but raised its expectations for earnings. Net income rose to $834 million, or 51 cents per share, from $689 million, or 41 cents per share. That is better than the 48 cents per share analysts expected, according to a poll by Thomson Reuters.
July 17, 2011 |
Question: I am a customer and shareholder in Home Depot Inc. Despite the economy, are there good prospects ahead? Answer: The results of the world's largest home-improvement retailer are tied to consumers' willingness to buy for their homes and to the company's operating efficiency. The question for stock investors is whether both factors will be strong enough to provide robust returns. Despite a sales drop in its fiscal first quarter, which ended May 1, net income rose 12% to $812 million as costs fell, profit margins went up and the company bought back its shares.
January 27, 2009 |
Home Depot Inc. announced Monday that it was closing its 34 upscale Expo and other home specialty centers and laying off 7,000 people as a result of the crumbling U.S. housing market and worldwide economic downturn. The company said it would close its 34 sprawling Expo Design Center stores by April, including eight in Southern California, and 14 smaller stores. Some employees were stunned. "Shock. It was shock.
August 15, 2012 |
Flipping through door after door on display at her neighborhood Home Depot as if they were pages in a magazine, Debbie Megliorino envisioned her next home improvement project: a bedroom upgrade for her 1950s-era home in Burbank. But for the 53-year-old postal clerk, the shopping excursion was a bit of a surprise. Instead of a frustrating amount of time finding "the guy in the orange vest" to help her, she said she got attention right away. "A lot of times it's been hard to get someone to help me," Megliorino said.
January 13, 2012 |
Home improvement chain Home Depot Inc. is looking to fill 2,000 temporary jobs in the Los Angeles area and 70,000 positions nationwide in advance of the spring cleanup and gardening season, its busiest time of year. "Just as the Christmas rush and holiday hiring ends for many retailers, we begin recruiting for spring seasonal associates," Tim Crow, the company's executive vice president for human resources, said in a statement. Crow said a seasonal job at the Atlanta-based chain can lead to a regular position.
August 17, 2010 |
Home Depot Inc. still sees room for profit growth this year as consumers take up long-delayed maintenance and repair projects for their homes, even if a return to bigger renovations will have to wait. Cost controls helped the company post a higher-than-expected quarterly profit and raise its full-year earnings forecast Tuesday. While sales missed expectations in a weak economy, investors were relieved that the top home-improvement chain still expects an increase for the rest of the year.