September 5, 2007 |
Home Depot Inc. said Tuesday that it expected to repurchase 289.6 million of its shares for $10.7 billion as a result of a tender offer, a little less than halfway toward its goal of buying back $22.5 billion in stock. Preliminary results of the tender offer that ended Friday indicated the nation's biggest home improvement store chain expected to repurchase the shares at $37 a share, using about $8 billion in net proceeds from its sale of HD Supply, its wholesale distribution business, and $2.
June 25, 2002 |
A U.S. judge ended court supervision of Home Depot Inc.'s employment practices after more than four years, finding "enthusiastic" compliance with the settlement of a sex discrimination class-action lawsuit. U.S. District Judge Susan Illston lifted a consent decree requiring the world's largest home-improvement retailer to boost the number of women it hires for higher-level store jobs.
April 14, 1998 |
Home Depot Inc. will open a store called Home Depot Pro, which targets professional housing contractors, in Colma on April 30 as it adds more services to its do-it-yourself home improvement business. The 80,000-square-foot store will sell more lumber, building materials and millwork than a regular Home Depot and will feature a tool rental center instead of kitchen and bathroom design centers.
February 22, 2006 |
Home Depot Inc. said Tuesday that fiscal fourth-quarter profit rose 23%, the biggest gain in two years, on sales of refrigerators, washing machines and kitchen cabinets. Net income climbed to $1.29 billion, or 60 cents a share in the quarter ended Jan. 29, exceeding analysts' estimates. Year-earlier profit was $1.04 billion, or 47 cents a share. Sales rose 16% to $19.5 billion, Atlanta-based Home Depot said. Sales at stores open at least a year, a key measure of retail health, gained 5.5% as U.
March 1, 2007 |
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%.
March 9, 2005 |
A federal appeals court Tuesday threw out a $5.7-million verdict against Home Depot Inc. and its partners who were accused of improperly copying a California man's design for a Christmas tree stand. The Court of Appeals for the Federal Circuit in Washington said the finding by a federal jury in May 2003 was "not supported by substantial evidence" and ruled against Decorations for Generations Inc., a closely held company in Turlock, Calif.
July 12, 2000 |
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 |
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 |
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 |
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.