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Home Depot Inc

March 1, 2007 | From the Associated Press
Home Depot Inc. said Wednesday that it would pump $2.2 billion into improving its business this year even as it expected lower earnings and slim sales growth, partly because of a continued slump in the housing sector. The operator of home-improvement centers said that for fiscal 2007 it expected sales growth in the range of flat to an increase of 2%, a decline in sales at stores open at least a year in the middle-single-digit percentages and an earnings-per-share decline of 4% to 9%.
Home Depot Inc., moving quickly to expand its home design showrooms, has agreed to buy a 42-acre Irvine site; it will use part of the property and may develop the rest for other retail stores or office uses. The giant home-improvement chain is buying the aerospace headquarters of Parker Hannifin Corp., which is moving its 500 employees into other Orange County offices it occupies.
December 29, 2004 | From Reuters
Home Depot Inc., which is seeking to expand its share of the home appliance market, said Tuesday that it would begin selling refrigerators and other items online, something its top two competitors have done for years. The world's largest home improvement retailer said more than 1,800 items would be listed on its website. Home Depot launched appliance showrooms in its stores in 2001 and has become the third-largest seller of home appliances, based on dollar value, it said. No.
February 25, 1998 | From Times Wire Services
Wal-Mart Stores Inc., the largest U.S. retailer, on Tuesday reported strong earnings on improved sales and profit margins for both its fiscal fourth quarter and the full year. Meanwhile, Home Depot Inc., operator of home improvement stores, said its earnings rose 20% in the fiscal fourth quarter and full year as a strong economy and low mortgage rates boosted sales. Bentonville, Ark.-based Wal-Mart earned $1.29 billion, or 57 cents a diluted share, in the fourth quarter, compared with $1.
February 23, 2005 | From Associated Press and Bloomberg News
Home Depot Inc., the nation's largest home-improvement chain, said Tuesday that its fiscal fourth-quarter net income jumped 9.5% on solid sales growth. The results met Wall Street expectations, but Home Depot shares slumped amid a broad market sell-off, losing $1.74 to $40.28 on the New York Stock Exchange. The stock is down 5.8% this year but is still nearly double its five-year low of around $21 reached in early 2003. For the three months ended Jan. 30, Home Depot said it earned $1.
February 10, 1995 | STEVE RYFLE
City officials praised a home-improvement chain this week for offering to foot the bill for a traffic signal to make it easier for customers to get in and out of its Glendale store. The Glendale City Council approved an agreement with Home Depot Inc. under which the store will pay $95,000 to install a traffic signal at the corner of San Fernando Road and Harvard Street.
August 17, 2005 | From Bloomberg News
Home Depot Inc. said Tuesday that its fiscal second-quarter profit climbed 14%, beating analysts' estimates, as new products boosted sales. The company raised its earnings forecast for the year. Net income at the world's largest home-improvement retailer jumped to $1.77 billion, or 82 cents a share, from $1.55 billion, or 70 cents, a year earlier. Sales in the period ended July 31 rose 12% to $22.3 billion, the Atlanta-based company said. The average purchase increased 5.
February 22, 1995 | From Times Staff and Wire Reports
May Department Stores Co. said its fourth-quarter earnings rose 10%, while Home Depot Inc. reported a 29.5% earnings gain for the period. May's expansion and cost cutting helped it continue to win market share from specialty and discount retailers. May earned $401 million, or $1.59 a share, for the quarter ended Jan. 28, compared to $365 million, or $1.44 a share, during the year-earlier period. Revenue rose to $3.95 billion.
March 25, 1997 | From Reuters
The Equal Employment Opportunity Commission said Monday that it has moved to intervene in a private sex-discrimination suit filed against do-it-yourself retailing giant Home Depot Inc. The suit, which was filed in 1995 in U.S. District Court for the Eastern District of Louisiana, focuses on 310 stores east of the Mississippi. The EEOC said this is the largest private sex-discrimination case in which it has sought to intervene.
June 16, 2007 | From Bloomberg News
Home Depot Inc., the world's largest home improvement retailer, will receive separate offers of about $10 billion for its contractor-supplies unit from two private equity groups, people familiar with the negotiations said. Bain Capital, Carlyle Group and Clayton Dubilier & Rice Inc. make up one group, and the other includes Thomas H. Lee Partners and CCMP Capital Advisors, said the people, who declined to be identified because an agreement hasn't been reached.
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