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.
November 15, 1987
A $2.1-million, 113,500-square-foot Home Depot retail complex has been completed at 18131 Gale Ave., City of Industry. Breton Construction Inc., Irvine, was general contractor.
May 21, 2003 |
Home Depot Inc., the world's largest home-improvement chain, said Tuesday that its fiscal first-quarter profit increased 6% after new products such as John Deere lawn tractors bolstered revenue. Sales at older stores declined less than expected, sending the shares up 9%. Net income rose to $907 million, or 39 cents a share, from $856 million, or 36 cents, a year earlier. Profit was 2 cents more than forecasts. Sales in the period ended May 4 climbed 5.8% to $15.1 billion, the firm said.
January 12, 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 spring, its busiest season. "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 Georgia-based chain can lead to a regular position. Last year, about half of the seasonal hires snagged permanent jobs as cashiers, sales associates and garden associates, among other positions.