The Home Depot® SVP – Finance Control & Administration Richard McPhail to present at the Raymond James 39th Annual Institutional Investors Conference

ATLANTA, 2018-Feb-28 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today announced that Richard McPhail, senior vice president – Finance Control & Administration, will present at the Raymond James 39th Annual Institutional Investors Conference in Orlando, Florida. The presentation will begin at 9:15 a.m. ET on March 6, 2018.

The presentation will be webcast live over the internet at http://ir.homedepot.com/events-and-presentations. A link will be displayed under “Events and Presentations.” The webcast will be archived and available at the same location after the conclusion of the live event and will be available until April 5, 2018.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2017, The Home Depot had sales of $100.9 billion and earnings of $8.6 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

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The Home Depot® launches new tool that allows job applicants to self-schedule interviews as it seeks to fill more than 80,000 positions

ATLANTA, 2018-Feb-19 — /EPR Retail News/ — The Home Depot® has launched a new tool that allows job applicants to self-schedule in-person interviews as the company works to fill more than 80,000 positions for its busy spring selling season.

Using the tool, which is available 24/7 on any device, candidates who have completed an application for an open job in a Home Depot store or distribution center can easily choose the most convenient interview appointment available. About 80 percent of The Home Depot’s candidates have taken advantage of the tool since the pilot began this past November.

“Just as we’re continuously evolving to meet the changing expectations of our customers, we’re harnessing new technologies to do the same for job seekers,” said Tim Hourigan, EVP – Human Resources. “This consumer-like experience helps us hire the best talent to serve our customers.”

Candidate Self-Service is the latest in a series of enhancements The Home Depot has made to its application process. Last spring, the company saw a 50 percent increase in candidates after rolling out its 15-minute application, Mobile Apply and Text-to-Apply capabilities.

The Home Depot is also enhancing its onboarding experience this spring with the introduction of PocketGuide for associate training, a mobile application that leverages gamification to help associates learn while they’re in the aisles. PocketGuide delivers product knowledge and learning activities to the palm of an associate’s hand, significantly reducing backroom training. The application is rolling out to all garden associates for this spring season and will expand to more store departments throughout 2018.

Job seekers can visit careers.homedepot.com/retailjobs for a list of seasonal and permanent opportunities in their area. The time associates accrue during their seasonal assignments generally applies to eligibility for benefits like profit-sharing bonuses and vacation if they transition to a permanent role with The Home Depot.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index. 

SOURCE The Home Depot

The Home Depot® acquires leading online retailer of textiles and home décor products The Company Store

ATLANTA, 2017-Dec-28 — /EPR Retail News/ — The Home Depot® announced today (Dec 21, 2017) that it has acquired The Company Store, a leading online retailer of textiles and home décor products, from Hanover Direct. The deal closed on December 19 and terms were not disclosed.

In addition to its success as an online retailer, The Company Store has strong relationships and industry leading capabilities in the development and sourcing of high quality textiles across bedding, bath, and related categories.  Founded in 1911, The Company Store has a rich history of providing products that are highly sought after by customers as they put the finishing touches on a room.

“The acquisition of The Company Store provides product development and sourcing capabilities to help us expand our online décor business into broader categories across the entire home,” said Craig Menear, chairman, CEO and president of The Home Depot.  “On behalf of our 400,000-plus associates, I want to welcome The Company Store’s talented associates into The Home Depot family.”

The acquisition does not include The Company Store’s five retail locations.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,284 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Forward-Looking Statements

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; effects of competition; state of the residential construction, housing and home improvement markets; capital allocation and expenditures; financial outlook; and integration of The Company Store into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE: The Home Depot

The Home Depot 2017 Investor and Analyst Conference, December 6

ATLANTA, 2017-Nov-28 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, announced today (Nov 27, 2017) that it will host its 2017 Investor and Analyst Conference on Wednesday, December 6, at 9 a.m. ET.

The event will be webcast live over the internet at http://ir.homedepot.com/events-and-presentations. A link will be displayed under “Events and Presentations.”

The Home Depot is the world’s largest home improvement specialty retailer, with 2,283 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

The Home Depot Q3 2017 results: sales of $25.0 billion, an 8.1 percent increase from same period last year

ATLANTA, 2017-Nov-15 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (Nov 14, 2017) reported sales of $25.0 billion for the third quarter of fiscal 2017, an 8.1 percent increase from the third quarter of fiscal 2016. Comparable store sales for the third quarter of fiscal 2017 were positive 7.9 percent, and comp sales for U.S. stores were positive 7.7 percent.

Net earnings for the third quarter of fiscal 2017 were $2.2 billion, or $1.84 per diluted share, compared with net earnings of $2.0 billion, or $1.60 per diluted share, in the same period of fiscal 2016. For the third quarter of fiscal 2017, diluted earnings per share increased 15.0 percent from the same period in the prior year.

“Though this quarter was marked by an unprecedented number of natural disasters, including multiple hurricanes, wildfires in the West, and earthquakes in Mexico, the underlying health of our core business remains solid,” said Craig Menear, chairman, CEO and president. “I am proud of our team and suppliers for their extraordinary efforts to support those in the path of the various natural disasters throughout the quarter. Our support of the impacted communities continues.”

Impact of Hurricanes in the Fiscal Third Quarter

The Company estimates that hurricane-related sales positively impacted comparable store sales growth by approximately $282 million in the fiscal third quarter. The gross margin on these hurricane-related sales was considerably less than the Company average. In the fiscal third quarter, the Company also incurred approximately $104 million of hurricane-related expense. As a result of the hurricanes, the Company’s operating profit was negatively impacted by approximately $51 million in the fiscal third quarter.

Updated Fiscal 2017 Guidance

Based on its year-to-date performance, underlying strength of the core business, and projected hurricane recovery sales, the Company lifted its fiscal 2017 sales growth guidance and now expects sales will be up approximately 6.3 percent and comp sales will be up approximately 6.5 percent. The Company also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth of approximately 14.0 percent from fiscal 2016 to $7.36. The Company’s diluted earnings-per-share growth guidance includes the impact of $8 billion of share repurchases for fiscal 2017.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the third quarter, the Company operated a total of 2,283 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail, supply chain and technology initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2017 and beyond; financial outlook; and the integration of acquired companies into our organization and the ability to recognize the anticipated synergies and benefits of those acquisitions. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE: The Home Depot

EPA recognizes The Home Depot with a 2017 SmartWay Excellence Award for the fifth consecutive year

ATLANTA, 2017-Nov-10 — /EPR Retail News/ — The U.S. Environmental Protection Agency (EPA) has recognized The Home Depot®, the world’s largest home improvement retailer, with a 2017 SmartWay Excellence Award for the fifth consecutive year. SmartWay recognizes industry leaders in freight, supply chain, environmental performance, and energy efficiency.

A charter member of the EPA’s SmartWay program, The Home Depot utilizes a number of clean transportation best practices including truckload optimization, Greenhouse Gases (GHG) data collecting and reporting, and by requiring that all carriers be current SmartWay® partners.

In 2016, The Home Depot shipped 6,700 fewer trucks, helping to avoid 6.2 metric tons of CO2 emissions. The company audits carriers annually to ensure that data is properly submitted to the EPA.

”We are constantly looking at ways to improve our supply chain and believe that can be done while cutting carbon emissions,” said Michelle Livingstone, vice president of Transportation. “Our carriers are vital to our business and their commitment to sustainability and SmartWay’s standards benefit the entire spectrum of transportation and logistics.”

“Since 2004, EPA and the business community have collaborated through the SmartWay Partnership to reduce the economic and environmental costs of goods movement, a vital sector of our national economy,” said Christopher Grundler, director of the EPA’s Office of Transportation & Air Quality. “This year’s award-winning freight carriers, shippers and third-party logistics companies demonstrate that they can move more goods, more miles, while using less fuel. These firms are not only serving the growing needs of their – they are also doing their part to keep our environment clean and protect human health.”

For a deeper look into Home Depot’s supply chain initiatives, visit                                                           https://corporate.homedepot.com/newsroom/smartway-2017-clean-transportation

To learn more about the SmartWay Excellence Awards program, visit                                                       https://www.epa.gov/smartway/smartway-excellence-awardees.

About The Home Depot
The Home Depot is the world’s largest home improvement specialty retailer, with 2,283 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

About SmartWay®
EPA’s SmartWay Transport Partnership is a market-driven initiative that empowers businesses to move goods in the cleanest, most energy-efficient way possible, while protecting public health and reducing the impacts of climate change. Demonstrating a commitment to corporate sustainability and social responsibility through SmartWay provides for a more competitive and sustainable business environment. Since 2004, SmartWay Partners have avoided emitting more than 94 million metric tons of air pollutants, while saving more than 197 million barrels of oil and $27.8 billion in fuel costs – equivalent to eliminating the annual energy use of over 12 million homes. SmartWay also contributes to cleaner air and healthier citizens by significantly reducing emissions of the pollution that contributes to smog, including fine particulate matter and nitrogen oxides.

For more information, contact:

Aaron Bastian
Corporate Communications Manager
770-384-2892
Aaron_bastian@homedepot.com

Source: The Home Depot

The Home Depot® expands its alternative energy portfolio with additional solar rooftop installations at 50 stores

ATLANTA, 2017-Aug-18 — /EPR Retail News/ — The Home Depot® today (Aug 17, 2017) announced the addition of solar installations at 50 stores as it continues to expand its alternative energy portfolio, essentially creating mini solar farms out of unused rooftops.

The project will reduce electricity grid demand by an estimated 30 to 35 percent annually at each Home Depot store; the equivalent of powering 2,300 average U.S. homes for a year. The average store roof, at approximately 104,000 square feet, will accommodate 1,000 panels.

The Home Depot is working with Current, powered by GE, on 20 solar installations at stores in New Jersey, as well as eight stores in Connecticut, Maryland and Washington, DC. An additional 22 stores in California and New York will receive solar, of which six will utilize Tesla Powerpacks to store energy and dispatch additional power as needed.

“Our alternative energy projects are important elements of our sustainability and operations efforts as they reduce carbon emissions while also lowering our energy costs,” said David Hawkins, vice president of labor and operations for The Home Depot.

The company’s current alternative and renewable portfolio includes:

  • Solar Power Purchase Agreements (PPA) in Delaware and Massachusetts
  • Fuel cells at more than 170 stores and distribution centers
  • The Los Mirasoles Wind Farm northeast of McAllen, Texas, announced this January
  • The Zopiloapan Wind Farm located in central Mexico, added this June

The solar addition will bring the company’s alternative energy footprint to more than 130 megawatts (MW) as it pursues the goal of utilizing 135 MW of alternative and renewable energy by 2020.

Construction on the selected stores will continue throughout 2017. For more on The Home Depot’s rooftop solar program, visit: https://corporate.homedepot.com/newsroom/rooftop-solar-farms.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,282 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

The Home Depot® Q2 2017 results: sales reached $28.1 billion, 6.2% up from a same period the previous year

ATLANTA, 2017-Aug-16 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (Aug. 15, 2017) reported sales of $28.1 billion for the second quarter of fiscal 2017, a 6.2 percent increase from the second quarter of fiscal 2016. Comparable store sales for the second quarter of fiscal 2017 were positive 6.3 percent, and comp sales for U.S. stores were positive 6.6 percent.

Net earnings for the second quarter of fiscal 2017 were $2.7 billion, or $2.25 per diluted share, compared with net earnings of $2.4 billion, or $1.97 per diluted share, in the same period of fiscal 2016. For the second quarter of fiscal 2017, diluted earnings per share increased 14.2 percent from the same period in the prior year.

“We were pleased with our results this quarter as our customers rewarded us with the highest quarterly sales in company history,” said Craig Menear, chairman, CEO and president. “We also achieved the highest quarterly net earnings in company history. These results were made possible by our hard working associates and the outstanding values brought forth by our supplier partners.”

Updated Fiscal 2017 Guidance

Based on its year-to-date performance, the Company updated its fiscal 2017 sales growth guidance and now expects sales will be up approximately 5.3 percent and comp sales will be up approximately 5.5 percent. The Company also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth of approximately 13.0 percent from fiscal 2016 to $7.29. The Company’s diluted earnings-per-share growth guidance includes the impact of $7 billion of share repurchases for fiscal 2017.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the second quarter, the Company operated a total of 2,282 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail, supply chain and technology initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2017 and beyond; financial outlook; and the integration of acquired companies into our organization and the ability to recognize the anticipated synergies and benefits of those acquisitions. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE: The Home Depot

The Home Depot® to report Second Quarter 2017 Earnings on Tuesday, August 15, 2017

ATLANTA, 2017-Aug-02 — /EPR Retail News/ —  The Home Depot®, the world’s largest home improvement retailer, announced today (Aug 01, 2017) that it will hold its Second Quarter 2017 Earnings Conference Call on Tuesday, August 15, at 9 a.m. ET.

A webcast will be available by logging onto http://ir.homedepot.com/events-and-presentations and selecting the Second Quarter Earnings Conference Call icon. The webcast will be archived and available beginning at approximately noon on August 15.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,282 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

The Home Depot® to acquire equipment rental and maintenance services provider Compact Power Equipment, Inc.

ATLANTA, 2017-Jul-08 — /EPR Retail News/ — The Home Depot® today (July 6, 2017) announced a definitive agreement to purchase Compact Power Equipment, Inc., a leading national provider of equipment rental and maintenance services for $265 million in cash. The transaction is expected to close by the end of the company’s fiscal second quarter.

As a long-term commercial partner of The Home Depot since 2009, Compact Power Equipment currently provides compact equipment rentals at more than 1,000 stores across the U.S. and Canada. The company also provides equipment maintenance services nationwide to a range of customers, including The Home Depot. By acquiring Compact Power Equipment, The Home Depot continues to invest in capabilities that uniquely serve its core customers.

“We’ve worked closely with the talented team at Compact Power Equipment for many years and are delighted to welcome them to The Home Depot family,” said Craig Menear, chairman, CEO and president of The Home Depot. “The acquisition allows us to further improve the customer experience – in particular for Pros – through enhanced equipment and tool rental offerings. It also allows us to grow Compact Power’s best-in-class building services capabilities.”

The Home Depot offers tool and equipment rentals at more locations across the U.S. and Canada than anyone else, providing easy access for both Pro and Do-It-Yourself customers. Its large assortment of rental offerings saves customers from the cost and hassle of maintenance and storage.

“With a collective focus on convenience and execution, together our companies will be even stronger to serve customers while remaining on the cutting edge of life-cycle management for commercial equipment,” said Roger Braswell, CEO, Compact Power.

“This acquisition creates many exciting opportunities for our employees and customers as we enter the next stage in our company’s history. We are thrilled and truly look forward to joining The Home Depot team and growing this business,” added COO Richard Porter.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,281 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Forward-Looking Statements

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; effects of competition; state of the residential construction, housing and home improvement markets; capital allocation and expenditures; financial outlook; successful closing of the Compact Power Equipment acquisition; and integration of Compact Power into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE: The Home Depot

The Home Depot® EVP – Merchandising Ted Decker to present at the Oppenheimer 17th Annual Consumer Conference

ATLANTA, 2017-Jun-08 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (June 7, 2017) announced that Ted Decker, executive vice president – Merchandising, will present at the Oppenheimer 17th Annual Consumer Conference in Boston, MA. The presentation will begin at 9:05 a.m. ET on June 21, 2017.

The presentation will be webcast live over the internet at http://ir.homedepot.com/events-and-presentations. A link will be displayed under “Events and Presentations.” The webcast will be archived and available at the same location after the conclusion of the live event and will be available until September 19, 2017.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,281 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

Contact:

public_relations@homedepot.com
770-384-4646

The Home Depot® reports 4.9 percent sales increase for the 1Q FY 2017 vs. same period last year

ATLANTA, 2017-May-17 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (May 16, 2017) reported sales of $23.9 billion for the first quarter of fiscal 2017, a 4.9 percent increase from the first quarter of fiscal 2016. Comparable store sales for the first quarter of fiscal 2017 were positive 5.5 percent, and comp sales for U.S. stores were positive 6.0

Net earnings for the first quarter of fiscal 2017 were $2.0 billion, or $1.67 per diluted share, compared with net earnings of $1.8 billion, or $1.44 per diluted share, in the same period of fiscal 2016. For the first quarter of fiscal 2017, diluted earnings per share increased 16.0 percent from the same period in the prior year.

“We were pleased with our results as they reflected broad-based growth across our interconnected platform and all geographies,” said Craig Menear, chairman, CEO and president. “This was made possible by our hard working store associates, merchants and supply chain teams and our continued dedication to customer service.”

Updated Fiscal 2017 Guidance

Based on its year-to-date performance, the Company reaffirmed its fiscal 2017 sales growth guidance and expects sales will be up approximately 4.6 percent and comp sales will be up approximately 4.6 percent. The Company also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth after anticipated share repurchases of approximately 11.0 percent from fiscal 2016 to $7.15.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at ir.homedepot.com/events-and-presentations.

At the end of the first quarter, the Company operated a total of 2,281 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail, supply chain and technology initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2017 and beyond; financial outlook; and the integration of Interline Brands, Inc. (“Interline”) into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 29, 2017 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

Contact:

public_relations@homedepot.com
770-384-4646

SOURCE: The Home Depot

The Home Depot® to announce its 1Q 2017 financial results on Tuesday, May 16, 2017

ATLANTA, 2017-May-03 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, announced today (May 2, 2017) that it will hold its First Quarter 2017 Earnings Conference Call on Tuesday, May 16, at 9 a.m. ET.

A webcast will be available by logging onto http://ir.homedepot.com/events-and-presentations and selecting the First Quarter Earnings Conference Call icon. The webcast will be archived and available beginning at approximately noon on May 16.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,281 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

The Home Depot® announces new consumer energy and GHG reduction goals for 2020

ATLANTA, 2017-Apr-20 — /EPR Retail News/ — In its effort to help reduce energy use and greenhouse gas (GHG) emissions across the more than 2,000 communities where it operates, The Home Depot® has announced new consumer energy and GHG reduction goals for 2020.

Anchored by the use of ENERGY STAR certified products, the consumer-driven goals include a commitment to source and provide innovative products that, through proper use, will help to:

  • Reduce North American consumers’ electricity costs by more than $2.8 billion by 2020
  • Reduce North American consumers’ greenhouse gas emissions by 20 million metric tons by 2020

The Home Depot has earned the U.S. EPA’s ENERGY STAR Retail Partner of the Year award for the tenth consecutive year, as well as EPA’s Sustained Excellence distinction, for its continued leadership in offering the latest innovations in energy efficient products.

In 1996, The Home Depot began efforts to influence its suppliers to develop and adopt high efficiency standards for its appliance and lighting products. As a result, Home Depot customers have realized hundreds of millions of dollars in utility cost savings over the past decade.

“We recognize the positive impact ENERGY STAR certified products have in consumer homes each day and will continue to work with our supplier partners to bring the best environmental innovations to our stores each year,” said Ron Jarvis, vice president of environmental for The Home Depot.

In addition to the new consumer energy goals, the company’s existing 2020 energy goals include reducing store energy use by an additional 20 percent below 2010 consumption levels and the procurement of 135 MW (megawatts) of electricity from a combination of onsite fuel cells and solar installs, as well as offsite solar and wind developments.

The company promotes ongoing consumer and associate-based education programs that have helped to increase awareness of ENERGY STAR certified products and their environmental and financial benefits. Consumer tips for saving energy are available at the company’s digital newsroom at: http://corporate.homedepot.com/newsroom/lower-energy-bill-spring.

As a part of the company’s sustainability strategy, merchants and suppliers place a priority on products that feature reduced environmental impacts. The company reviews the collective impact of those products annually for sustainable forestry practices, energy and emissions reduction, material reduction, water savings, and chemical use reduction.

The Home Depot offers more than 20,000 ENERGY STAR products in stores and online.

To learn more about ENERGY STAR’s awards program, visit http://www.energystar.gov/awardwinners.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,281 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

SOURCE: The Home Depot

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

The Home Depot® in-store takeback program recycled more than one million pounds of rechargeable batteries in 2016

ATLANTA, 2017-Feb-25 — /EPR Retail News/ — The Home Depot® today (February 23, 2017) announced that it recycled more than one million pounds of rechargeable batteries in 2016 through its in-store takeback program, in partnership with Call2Recycle®. The Home Depot is Call2Recycle’s first North American retail partner to achieve this milestone in a single year.

Call2Recycle is a non-profit product stewardship program that provides a takeback recycling service at more than 2,000 Home Depot stores across the U.S. and Canada. In total, Home Depot has recycled more than eight million pounds of rechargeable batteries since the partnership launched in 2001.

Customers can drop off their rechargeable batteries in collection bins at Home Depot stores. The bins are then shipped to facilities where they are sorted and recycled. Various metals are extracted and used to create new stainless steel products including pots and pans, new batteries, and even golf clubs.

“For 16 years, The Home Depot has made battery collection and recycling part of its environmental commitment,” said Carl Smith, CEO and president of Call2Recycle, Inc.  “We recognize and applaud The Home Depot’s efforts not only for reaching this significant milestone of diverting one million pounds of batteries from landfills, but for their role in helping to raise consumer awareness around battery recycling.”

For more on The Home Depot’s partnership with Call2Recycle and to find a drop-off location, visit: http://corporate.homedepot.com/newsroom/battery-recycling-one-million-pounds.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,278 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

Source: The Home Depot

The Home Depot® president — Online Kevin Hofmann to present at the Raymond James 38th Annual Institutional Investors Conference

ATLANTA, 2017-Feb-23 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (Feb. 22, 2017) announced that Kevin Hofmann, president — Online, and chief marketing officer, will present at the Raymond James 38th Annual Institutional Investors Conference in Orlando, Florida. The presentation will begin at 8:40 a.m. ET on March 7, 2017.

The presentation will be webcast live over the internet at http://ir.homedepot.com/events-and-presentations. A link will be displayed under “Events and Presentations.” The webcast will be archived and available at the same location after the conclusion of the live event and will be available until April 6, 2017.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,278 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2016, The Home Depot had sales of $94.6 billion and earnings of $8.0 billion. The Company employs more than 400,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot® to hold its 4Q & Fiscal 2016 Earnings Conference Call on Tuesday, February 21, 2017

ATLANTA, 2017-Feb-08 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, announced today (Feb. 7, 2017) that it will hold its Fourth Quarter & Fiscal 2016 Earnings Conference Call on Tuesday, February 21, at 9 a.m. ET.

A webcast will be available by logging onto http://ir.homedepot.com/events-and-presentations and selecting the Fourth Quarter Earnings Conference Call icon. The webcast will be archived and available beginning at approximately noon on February 21.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,278 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot® makes its first major investment in a wind-powered renewable energy project

ATLANTA, 2017-Feb-01 — /EPR Retail News/ — The Home Depot® today (Jan. 31, 2017) announced its first major investment in a wind-powered renewable energy project.

The energy purchased from the wind farm is enough to power 100 Home Depot stores for a year while also providing $150,000 in local community benefits.

The Los Mirasoles Wind Farm, owned and operated by EDP Renewables North America, is located in Hidalgo and Starr Counties, northeast of McAllen, Texas. Through a 20-year power purchase agreement (PPA), The Home Depot’s annual purchase of 50 megawatts (MW) is a fifth of the wind farm’s 250 MW capacity. The farm utilizes Vestas V110 2.0 MW wind turbines and produces enough power to provide more than 70,000 average U.S. homes with clean electricity each year.

The Home Depot partnered with EDP Renewables for the Texas development in 2016. EDP Renewables operates globally with 41 wind farms across North America.

As a part of its renewable energy initiative, The Home Depot’s goal is to procure 135 megawatts of various renewable energy sources, including solar and wind, by the end of 2020.

In addition to the wind farm, the company also procures energy from solar farms in Delaware and Massachusetts with a combined annual output of 14.5 million kilowatt hours (kWh). More than 150 stores and distribution centers utilize on-site fuel cells that produce roughly 85 percent of the electricity each store needs to operate.

For more on The Home Depot’s wind energy project, visit: https://corporate.homedepot.com/newsroom/texas-wind-farm-renewable-energy

The Home Depot is the world’s largest home improvement specialty retailer, with 2,278 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot® declares third quarter cash dividend of 69 cents per share

ATLANTA, 2016-Nov-18 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (Nov. 17, 2016) announced that its board of directors declared a third quarter cash dividend of 69 cents per share. The dividend is payable on December 15, 2016, to shareholders of record on the close of business on December 1, 2016. This is the 119th consecutive quarter the company has paid a cash dividend.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,276 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot® announces 6.1 percent sales increase for the 3Q FY2016 from same period the previous year

ATLANTA, 2016-Nov-16 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (Nov. 15, 2016) reported sales of $23.2 billion for the third quarter of fiscal 2016, a 6.1 percent increase from the third quarter of fiscal 2015. Comparable store sales for the third quarter of fiscal 2016 were positive 5.5 percent, and comp sales for U.S. stores were positive 5.9 percent.

Net earnings for the third quarter of fiscal 2016 were $2.0 billion, or $1.60 per diluted share, compared with net earnings of $1.7 billion, or $1.35 per diluted share, in the same period of fiscal 2015. For the third quarter of fiscal 2016, diluted earnings per share increased 18.5 percent from the same period in the prior year.

“We experienced balanced sales growth in the quarter driven by an increase in both ticket and transactions, and our continued focus on productivity drove double-digit earnings-per-share growth,” said Craig Menear, chairman, CEO and president. “I would like to thank our associates and suppliers for their hard work and dedication to our customers throughout the quarter, and particularly in the face of Hurricane Matthew and the flooding in Louisiana.”

Updated Fiscal 2016 Guidance

The Company reaffirmed its fiscal 2016 sales guidance and expects sales will be up approximately 6.3 percent and comp sales will be up approximately 4.9 percent. The Company raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow approximately 15.9 percent from fiscal 2015 to $6.33.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at earnings.homedepot.com.

At the end of the third quarter, the Company operated a total of 2,276 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail and supply chain initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2016 and beyond; financial outlook; and the integration of Interline Brands, Inc. into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 31, 2016 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot® to hold its 3Q 2016 Earnings Conference Call on Tuesday, November 15

ATLANTA, 2016-Nov-02 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, announced today (Nov. 1, 2016) that it will hold its Third Quarter 2016 Earnings Conference Call on Tuesday, November 15, at 9 a.m. ET.

A webcast will be available by logging onto http://earnings.homedepot.com and selecting the Third Quarter Earnings Conference Call icon. The webcast will be archived and available beginning at approximately noon on November 15.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,276 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot® announces the appointment of Jeff Boyd to its board of directors

ATLANTA, 2016-Oct-08 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (Oct 06, 2016) announced the appointment of Jeff Boyd, interim chief executive officer and president of The Priceline Group, Inc. (“Priceline”), to the company’s board of directors. Boyd will serve on the company’s Nominating and Corporate Governance Committee and its Finance Committee. His appointment gives the company 13 directors, 12 of whom are independent.

Boyd has served in a number of senior executive positions during his tenure at Priceline, a leading provider of online travel and related services. His strategic leadership at Priceline guided the company to grow from a loss in 2002 to a multi-billion dollar profitable business.

Boyd has served as Priceline’s interim CEO and president since April 2016, and has served as its chairman since January 2013. He previously served in a number of roles of increasing responsibility at Priceline, including as its president and CEO from November 2002 until December 2013. He was Priceline’s president and Co-CEO from August 2002 to November 2002; its chief operating officer from November 2000 to August 2002; and its executive vice president, general counsel and secretary from January 2000 to October 2000. Prior to joining Priceline, Boyd was executive vice president, general counsel and secretary of Oxford Health Plans, Inc.

“I’m very pleased to welcome Jeff to our board of directors,” said Craig Menear, chairman, CEO and president. “He brings extensive experience in global e-commerce, sales and marketing, as well as proven corporate leadership and strategic management skills.”

The Home Depot is the world’s largest home improvement specialty retailer, with 2,276 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

EPA recognized The Home Depot® with 2016 WaterSense® Sustained Excellence Award

ATLANTA, 2016-Oct-07 — /EPR Retail News/ — The U.S. Environmental Protection Agency (EPA) has recognized The Home Depot®, the world’s largest home improvement retailer, with a 2016 WaterSense® Sustained Excellence Award for its commitment to promoting the value of water efficiency to its customers, encouraging innovation within its vendors and supplier base, and for decreasing water use within its operational footprint.

EPA’s Sustained Excellence Award is the organization’s highest honor for water conservation and this is the second consecutive win for The Home Depot.

• The Home Depot’s annual sales of WaterSense products saved customers 70.4 billion gallons of water; equal to $593 million in avoided water utility costs.

• In 2016, The Home Depot became the first retailer to require that all new store merchandised showerheads must exceed the current WaterSense specification of 2.5 gallons per minute.

• Last year, The Home Depot worked closely with the State of California and the Plumbing Manufacturers Institute to reduce the flow rates of faucets and to plot transition timing for the industry to achieve even lower flow standards.

“We’re honored to be recognized for our commitment to water conservation,” said Ron Jarvis, vice president of environmental for The Home Depot. “WaterSense is the perfect platform from which we are able to create awareness and educate our customers and others across our business,” added Jarvis.

“Over the past 10 years, communities, states, organizations, manufacturers, retailers, and builders across the country have been working with WaterSense to help Americans save water for future generations,” said Joel Beauvais, EPA Office of Water Deputy Assistant Administrator. “I am pleased to see so many of our WaterSense partners making contributions to build the resilience of communities everywhere by helping people use water more efficiently.”

The Home Depot offers over 5,000 WaterSense labeled fixtures and appliances in its stores and online.

For more information on Home Depot’s Eco Options program, visit http://ecooptions.homedepot.com/.

For more information about WaterSense, visit https://www3.epa.gov/watersense/.

About The Home Depot

The Home Depot is the world’s largest home improvement specialty retailer, with 2,276 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

About WaterSense®
WaterSense, a partnership program sponsored by EPA, seeks to protect the future of our nation’s water supply by offering people a simple way to use less water with water-efficient products, homes, and services. Since the program began in 2006, WaterSense has helped consumers save 1.5 trillion gallons of water and $32.6 billion in water and energy bills.

For more information, contact:
Aaron Bastian
Corporate Communications Manager
770-384-2892
Aaron_bastian@homedepot.com

Source: The Home Depot

The Home Depot® honored by EPA with 2016 SmartWay® Excellence Award for the fourth consecutive year

ATLANTA, 2016-Sep-30 — /EPR Retail News/ — The U.S. Environmental Protection Agency (EPA) has recognized The Home Depot®, the world’s largest home improvement retailer, with a 2016 SmartWay® Excellence Award for the fourth consecutive year. The Home Depot has consistently led the industry with contributions to cleaner, healthier air and reducing carbon emissions by hauling all freight with environmentally and energy efficient carriers.

A charter member of the EPA’s SmartWay program, The Home Depot utilizes a number of clean transportation best practices including truckload optimization, Greenhouse Gases (GHG) data collecting and reporting, and by requiring that all carriers be current SmartWay® partners.

In 2015, The Home Depot shipped 4,000 fewer trucks, helping to avoid 4.132 metric tons of CO2 emissions. The company audits carriers annually to ensure that data is properly submitted to the EPA.

“We’re honored to be recognized by SmartWay, alongside so many companies in our industry who are leading by example with their efforts,” said Michelle Livingstone, vice president of transportation at The Home Depot.

“EPA is honoring its top environmental performers – those SmartWay Partners that have taken significant steps towards a sustainable freight transportation energy future,” said Christopher Grundler, director of EPA’s Office of Transportation and Air Quality. “SmartWay Excellence Award recipients have become leaders in this crucial sector of our economy by embracing the mutual benefits that efficiency brings for both operational performance and environmental results.

For more information on Home Depot’s supply chain initiatives, visit http://builtfromscratch.homedepot.com

To learn more about the SmartWay Excellence Awards program, visit https://www.epa.gov/smartway/smartway-excellence-awardees.

About The Home Depot
The Home Depot is the world’s largest home improvement specialty retailer, with 2,276 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

About SmartWay®
EPA’s SmartWay Transport Partnership is a market-driven initiative that empowers businesses to move goods in the cleanest, most energy-efficient way possible, while protecting public health and reducing the impacts of climate change. Demonstration of a commitment to corporate sustainability and social responsibility through SmartWay provides for a more competitive and environmentally-friendly business environment. Since 2004, SmartWay Partners have saved 170.3 million barrels of oil—the equivalent of eliminating annual energy use in over 6 million homes and $24.9 billion in fuel costs. SmartWay’s clean air achievements (72.8 million metric tons of carbon dioxide, 1,458,000 tons of nitrogen oxides, and 59,000 tons of particulate matter emissions avoided) help to protect the well-being of citizens.

For more information, contact:
Aaron Bastian
Corporate Communications Manager
770-384-2892
Aaron_bastian@homedepot.com

Source: The Home Depot

The Home Depot® CEO Craig Menear and EVP – Merchandising Ted Decker to present at the Goldman Sachs 23rd Annual Global Retailing Conference on September 8, 2016

ATLANTA, 2016-Aug-27 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today (Aug 25, 2016) announced that Craig Menear, chairman, CEO and president, and Ted Decker, executive vice president – Merchandising, will present at the Goldman Sachs 23rd Annual Global Retailing Conference in New York, NY. The presentation will begin at 8:50 a.m. ET on September 8, 2016.

The presentation will be webcast live over the internet at http://ir.homedepot.com. A link will be displayed under “Events and Presentations.” The webcast will be archived and available at the same location approximately one hour after conclusion of the live event.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,276 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

To learn more and see Team Depot in action, visit www.homedepot.com/teamdepot.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot® reports of 6.6% sales increase for 2QFY2016 from same period last year

ATLANTA, 2016-Aug-17 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $26.5 billion for the second quarter of fiscal 2016, a 6.6 percent increase from the second quarter of fiscal 2015. Comparable store sales for the second quarter of fiscal 2016 were positive 4.7 percent, and comp sales for U.S. stores were positive 5.4 percent.

Net earnings for the second quarter of fiscal 2016 were $2.4 billion, or $1.97 per diluted share, compared with net earnings of$2.2 billion, or $1.73 per diluted share, in the same period of fiscal 2015. For the second quarter of fiscal 2016, diluted earnings per share increased 13.9 percent from the same period in the prior year.

“We had a solid quarter, achieving the highest quarterly sales and net earnings results in company history as housing continues to be a tailwind for our business,” said Craig Menear, chairman, CEO and president. “This was made possible by our hard working associates in their continued dedication to our customers.”

Updated Fiscal 2016 Guidance
The Company reaffirmed its fiscal 2016 sales guidance and expects sales will be up approximately 6.3 percent and comp sales will be up approximately 4.9 percent. The Company raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow approximately 15.6 percent from fiscal 2015 to $6.31.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at earnings.homedepot.com.

At the end of the second quarter, the Company operated a total of 2,275 retail stores in all 50 states, the District of Columbia,Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail and supply chain initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2016 and beyond; financial outlook; and the integration of Interline Brands, Inc. into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 31, 2016 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

Contact:

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE The Home Depot

The Home Depot® to hold its 2Q2016 Earnings Conference Call on Tuesday, August 16

ATLANTA, 2016-Aug-03 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, announced today that it will hold its Second Quarter 2016 Earnings Conference Call on Tuesday, August 16, at 9 a.m. ET.

A webcast will be available by logging onto http://earnings.homedepot.com and selecting the Second Quarter Earnings Conference Call icon. The webcast will be archived and available beginning at approximately noon on August 16.

The Home Depot is the world’s largest home improvement specialty retailer, with 2,275 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

For all other inquiries including Customer Care issues please call The Home Depot Store Support Center at 1-770-433-8211, or toll free 1-800-654-0688.

Email: investor_relations@homedepot.com
IR Coordinator: 770-384-2871

SOURCE: The Home Depot

The Home Depot reports $22.8 billion sales for the first quarter of fiscal 2016

ATLANTA, 2016-May-20 — /EPR Retail News/ — The Home Depot®, the world’s largest home improvement retailer, today reported sales of $22.8 billion for the first quarter of fiscal 2016, a 9.0 percent increase from the first quarter of fiscal 2015. Comparable store sales for the first quarter of fiscal 2016 were positive 6.5 percent, and comp sales for U.S. stores were positive 7.4 percent.

Net earnings for the first quarter of fiscal 2016 were $1.8 billion, or $1.44 per diluted share, compared with net earnings of$1.6 billion, or $1.21 per diluted share, in the same period of fiscal 2015. For the first quarter of fiscal 2016, diluted earnings per share increased 19.0 percent from the same period in the prior year.

“We were pleased with our stronger than expected start to the year, driven by solid execution and broad-based growth across the store,” said Craig Menear, chairman, CEO and president. “This was made possible by our hard working associates and their continued dedication to our customers in a quarter marked by week-to-week demand spikes caused by weather variability.”

Updated Fiscal 2016 Guidance

The Company raised its fiscal 2016 sales guidance and now expects sales will be up approximately 6.3 percent and comp sales will be up approximately 4.9 percent. The Company also raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow approximately 14.8 percent from fiscal 2015 to $6.27.

The Home Depot will conduct a conference call today at 9 a.m. ET to discuss information included in this news release and related matters. The conference call will be available in its entirety through a webcast and replay at earnings.homedepot.com.

At the end of the first quarter, the Company operated a total of 2,275 retail stores in all 50 states, the District of Columbia,Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than 385,000 associates. The Home Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index.

Certain statements contained herein constitute “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable store sales; effects of competition; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; implementation of store, interconnected retail and supply chain initiatives; management of relationships with our suppliers and vendors; the impact and expected outcome of investigations, inquiries, claims and litigation, including those related to the 2014 data breach; issues related to the payment methods we accept; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the effect of accounting charges; the effect of adopting certain accounting standards; store openings and closures; guidance for fiscal 2016 and beyond; financial outlook; and the integration of Interline Brands, Inc. into our organization and the ability to recognize the anticipated synergies and benefits of the acquisition. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties – many of which are beyond our control or are currently unknown to us – as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited to those described in Item 1A, “Risk Factors,” and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January 31, 2016 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

SOURCE The Home Depot

Financial Community, Diane Dayhoff, Vice President of Investor Relations, 770-384-2666, diane_dayhoff@homedepot.com; News Media, Stephen Holmes, Director of Corporate Communications, 770-384-5075, stephen_holmes@homedepot.com

The Home Depot kicks off its Spring Black Friday sales event

Retail leader combines product innovation with enhanced shopping experience, welcoming the next generation of home improvement

ATLANTA, 2016-Apr-07 — /EPR Retail News/ — Spring is synonymous with home improvement for The Home Depot®, and the world’s largest home improvement retailer is kicking off the season with its Spring Black Friday sales event. Starting today, customers have access to 11 days of in-store and online savings on seasonal essentials, including mulch and mowers, as well as patio, grills and smart garden devices.

In 2016, The Home Depot is further enhancing its interconnected retail offering, including a more robust fulfillment repertoire while bringing scale and efficiency to an unprecedented in-store mobile experience.

“Our shoppers are demanding more of retailers, and we’re answering that call with an increasingly intuitive shopping experience that more efficiently merges the digital marketplace with our stores,” says Kevin Hofmann, senior vice president and president of online for The Home Depot. “We’ve made tremendous strides, building out features and functionality that eliminate pain points in our customers’ preferred path to purchase.”

Customers are quickly adopting The Home Depot’s interconnected programs and fulfillment options, such as Buy Online,Pickup In Store (BOPIS). As reported in Q4 2015, more than 40 percent of the retailer’s digital transactions are picked up inside a store.

While making it easier for consumers to find and buy, The Home Depot is simultaneously challenging vendor partners to bring new innovation into stores and onto homedepot.com.

“Another piece of the puzzle is providing customers with the brands and products they know at a great value while bringing the latest advancements and technology that make their homes work smarter for them,” says Jeanine Huebner, senior vice president of hardlines for The Home Depot. “We are constantly looking for the best and most inventive new products to help us lead this next generation of home improvement.”

Spring 2016 at The Home Depot comes with a trend-driven lineup of game changing products, industry leading brands and exclusive programs.

  • Smart home technology: This category includes functional products that make the entire home smarter, safer or more efficient – starting with wireless video doorbells and continuing with thermostats, cameras, lighting, smoke alarms, garage door openers and even smart irrigation devices.
  • Outdoor power: The latest advancements in outdoor power tools are designed to more efficiently keep yards maintained. Cub Cadet® has integrated Bluetooth® technology into a zero-turn riding mower, while ECHO® and EGO™ lead the way in cordless outdoor power that rivals the power and runtime of gas. Lithium ion batteries are increasingly popular, especially as brands like RYOBI® and DeWalt® add to their growing platforms of indoor and outdoor tools controlled by the same battery.
  • Simplified gardening: In addition to the rise of organics and edibles, simplified gardening is trending with low-maintenance flowers that produce vibrant colors, plants selected to thrive in local conditions and “patio-ready” container gardens or raised garden beds. The Home Depot’s live good merchants partner with 150 growers to stay up on trends and assort nursery selections regionally.
  • Connected garden: Technology is also playing a role in gardening. With water conservation top of mind, smart devices are making it easier to water more efficiently without sacrificing a healthy lawn and garden. From Wi-Fi irrigation controllers that manage your entire yard to garden sensors that help you maintain smaller areas, smart home technology now has a green thumb.
  • Outdoor living: Bringing interior design trends outdoors continues trending as customers look to transform their outdoor space. It often starts with selecting patio furniture, and The Home Depot’s Choose Your Own Color program offers 16 different frames and 15 fabric options. From there, it’s all about personalization with The Home Depot’s expanded assortment of patio accessories – from pillows and poufs to string lights, lanterns and umbrellas with solar-powered LED lights.
  • Grilling: The Home Depot is empowering customers with advancements in technology and design from some of the most respected brands in the industry. The 2016 selection of Weber® grills includes portability in the Weber Q®, the Original Kettle™ series and the Gourmet Barbecue System™. In addition to Weber, The Home Depot is expanding its overall assortment with infrared technology from Nexgrill®, pellet grills from Traeger® and a ceramic charcoal grill from Vision Grills™.

The Home Depot’s Digital Newsroom
For a closer look at what’s happening at The Home Depot this Spring, including behind-the-scenes interviews and trends for gardening, outdoor living and grilling, visit our digital newsroom, Built from Scratch at thd.co/spring16.

About The Home Depot
The Home Depot is the world’s largest home improvement specialty retailer, with 2,274 retail stores in all 50 states, theDistrict of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. TheHome Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index

SOURCE The Home Depot

For more information, contact: Chris Giallanza, Public Relations Manager, 770-384-3365, christopher_giallanza@homedepot.com

EPA recognized The Home Depot® with 2016 ENERGY STAR Partner of the Year – Sustained Excellence Award

ATLANTA, 2016-Apr-02 — /EPR Retail News/ — The U.S. Environmental Protection Agency (EPA) has recognized The Home Depot®, the world’s largest home improvement retailer, with a 2016 ENERGY STAR Partner of the Year – Sustained Excellence Award – for its continued leadership in offering the latest innovations in energy efficient products.

In 2015, The Home Depot helped customers save nearly $701.6 million in annual utility costs, equaling a 4 million metric ton decrease in greenhouse gas emissions through the sale of ENERGY STAR certified products. The Home Depot offers more than 17,000 ENERGY STAR products in stores and online.

This is the ninth year the company has been recognized by EPA for its achievements.

In December 2015, The Home Depot also announced that it had exceeded 2015 sustainability goals, achieving a reduction of energy use in its stores by 30 percent over 2004 levels – a savings of more than 8 billion kilowatts over ten years. The original goal set in 2010 was to reduce energy use by 20 percent.

“We’re constantly seeking new and innovative products that are energy efficient, enabling our customers to save in their homes and businesses as we also reduce energy use in our stores,” says Ron Jarvis, vice president of environmental for The Home Depot.

The company also continues to implement a number of sustainability enhancements to its stores each year including Energy Management Systems to control all store lighting and HVACs and a fuel cell program that provides up to 85 percent of the energy that each participating store needs to operate.

For more information on Home Depot’s renewable energy initiatives, visit http://builtfromscratch.homedepot.com.

To learn more about ENERGY STAR’s awards program, visit www.energystar.gov/awardwinners.

About The Home Depot

The Home Depot is the world’s largest home improvement specialty retailer, with 2,274 retail stores in all 50 states, theDistrict of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. In fiscal 2015, The Home Depot had sales of $88.5 billion and earnings of $7.0 billion. The Company employs more than 385,000 associates. TheHome Depot’s stock is traded on the New York Stock Exchange (NYSE: HD) and is included in the Dow Jones industrial average and Standard & Poor’s 500 index

About ENERGY STAR

ENERGY STAR® is the simple choice for energy efficiency. For more than 20 years, people across America have looked toEPA’s ENERGY STAR program for guidance on how to save energy, save money, and protect the environment. Behind each blue label is a product, building, or home that is independently certified to use less energy and cause fewer of the emissions that contribute to climate change. Today, ENERGY STAR is the most widely recognized symbol for energy efficiency in the world, helping families and businesses save $362 billion on utility bills, while reducing greenhouse gas emissions by more than 2.4 billion metric tons since 1992. Join the millions who are already making a difference at energystar.gov.

SOURCE The Home Depot

Aaron Bastian, Corporate Communications Manager, 770-384-2892, Aaron_bastian@homedepot.com