UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 29, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8207 THE HOME DEPOT, INC. (Exact name of registrant as specified in its charter) Delaware 95-3261426 (State or other jurisdiction of inc ...

The Home Depot, Inc. (NYSE:HD) Q4 2022 Earnings Conference Call February 21, 2023 9:00 AM ET Company Participants Isabel Janci - Vice President of Investor Relations Ted Decker - Chair, President & Chief Executive Officer Ann-Marie Campbell - Executive Vice President of US Stores & International Operations Jeff Kinnaird - Executive Vice President of Merchandising Richard McPhail - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Lasser - UBS Scot Ciccarelli - Truist Si ...

Table of Contents | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------| | | ...

The Home Depot, Inc. (NYSE:HD) Q3 2022 Results Conference Call November 15, 2022 9:00 AM ET Company Participants Isabel Janci - VP, IR Ted Decker - Chair, President and CEO Jeff Kinnaird - EVP, Merchandising Richard McPhail - EVP and CFO Hector Padilla - EVP, Outside Sales & Service Jordan Broggi - SVP and President, Online Conference Call Participants Michael Lasser - UBS Simeon Gutman - Morgan Stanley Chris Horvers - JP Morgan Steven Zaccone - Citi Scot Ciccarelli - Truist Chuck Grom - Gordon Haskett Bria ...

Home Depot, Inc. Conference Call Summary Company Overview - **Company**: Home Depot, Inc. (NYSE: HD) - **Event**: Goldman Sachs 29th Annual Global Retailing Conference - **Date**: September 8, 2022 - **Participants**: - Ted Decker - Chief Executive Officer and President - Jeff Kinnaird - Executive Vice President of Merchandising - Isabel Janci - Investor Relations Key Points Industry and Market Dynamics - Home improvement industry has shown incredible growth, with Home Depot reporting $40 billion growth over the past two years and an additional $5 billion in the first half of the current year [2][3] - The value of homes has increased by approximately $8 trillion to $9 trillion over the last two years, contributing to a healthy consumer base [2] - Home prices have appreciated by 8% year-over-year, indicating a resilient housing market [3] Consumer Behavior - Both Pro and DIY customers remain engaged, with positive comparable sales reported [2] - Consumers are spending more time at home, leading to ongoing demand for home improvement projects [3][6] - The aging of homes is driving continuous demand for repair and remodeling projects [5][6] Project Demand and Shifts - Initial pandemic projects focused on outdoor spaces, but there has been a shift towards indoor projects as consumers spend more time at home [7][8] - Home Depot has seen a transition in project-related investments, with ongoing demand for renovations and repairs [9] Pro Customer Focus - Home Depot's business is balanced approximately 50/50 between Pro and consumer segments [13][14] - The company aims to capture a larger share of the Pro market, which is estimated to be a $900 billion total addressable market [14] - Investments in supply chain capabilities and a loyalty program are being developed to better serve Pro customers [15][16] Supply Chain Developments - Home Depot has been investing in supply chain capabilities since 2017, with significant progress expected to be completed by 2023 [19] - Three types of facilities are being built: flatbed distribution centers for bulky goods, direct fulfillment centers for e-commerce, and market delivery operations for last-mile delivery [20][22] - The supply chain improvements are expected to enhance sales and margins by ensuring timely and complete deliveries to job sites [18][22] Inventory Management - Inventory levels have increased, with inflation accounting for nearly half of the growth [31] - Home Depot is managing carryover inventory effectively, with low risk anticipated [33] - The company is seeing some relief in supply chain constraints, with improved container availability and shipping lanes [35][36] MRO Business Insights - The reacquisition of HD Supply has been successful, with significant integration and growth opportunities identified in the MRO space [38] - The total addressable market for MRO has been updated to $100 billion, with Home Depot currently holding less than 10% market share [39] Consumer Health and Pricing Strategy - Home Depot's core home improvement customer is expected to remain healthy and engaged into 2023 [43] - The company aims for a balanced mix of ticket and transaction growth, with a focus on innovation driving ticket increases [44][46] - Home Depot maintains a rational promotional strategy, focusing on everyday value rather than excessive promotions [51] Future Outlook - The company is optimistic about the ongoing demand for home improvement and the health of its consumer base [43] - Home Depot is preparing for seasonal promotions and product launches, including Halloween and Black Friday [52] Additional Insights - The company emphasizes the importance of innovation in product offerings, which has been a key driver of growth during the pandemic [46] - Home Depot is committed to enhancing customer service by optimizing supply chain operations and reducing inefficiencies in product delivery [24][25]

Table of Contents | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------| | | | | UNITED STATES | | | SECUR ...

The Home Depot, Inc. (NYSE:HD) Q2 2022 Earnings Conference Call August 16, 2022 9:00 AM ET Company Participants Isabel Janci - VP, Investor Relations & Treasurer Ted Decker - Chief Executive Officer & President Jeff Kinnaird - Executive Vice President of Merchandising Richard McPhail - Executive Vice President & Chief Financial Officer Hector Padilla - Executive Vice President, Outside Sales & Service Jordan Broggi - Senior Vice President of Finance Conference Call Participants Michael Lasser - UBS Simeon G ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 1, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 1-8207 THE HOME DEPOT, INC. (Exact name of registrant as specified in its charter) Delaware 95-3261426 (State or oth ...

The Home Depot, Inc. (NYSE:HD) Q1 2022 Earnings Conference Call May 17, 2022 9:00 AM ET Company Participants Isabel Janci - Investor Relations Ted Decker - President and Chief Executive Officer Jeff Kinnaird - Executive Vice President, Merchandising Richard McPhail - Executive Vice President and Chief Financial Officer Hector Padilla - Executive Vice President, Outside Sales & Service Conference Call Participants Michael Lasser - UBS Simeon Gutman - Morgan Stanley Michael Baker - D.A. Davidson Chris Horvers ...

Financial Performance - The Home Depot reported net sales of $151,157 million for fiscal 2021, an increase of 14.4% compared to $132,110 million in fiscal 2020[115]. - Gross profit for fiscal 2021 was $50,832 million, representing a gross margin of approximately 33.6%[115]. - Net earnings for fiscal 2021 reached $16,433 million, a 27.5% increase from $12,866 million in fiscal 2020[115]. - The company’s operating income for fiscal 2021 was $23,040 million, reflecting a 26.8% increase from $18,278 million in fiscal 2020[115]. - Basic earnings per share for fiscal 2021 were $15.59, up from $11.98 in fiscal 2020, marking a 30.5% increase[115]. - Comprehensive income for fiscal 2021 was $16,400 million, compared to $12,934 million in fiscal 2020, reflecting a growth of 26.5%[117]. - Cash flows from operating activities totaled $16,571 million in fiscal 2021, down from $18,839 million in fiscal 2020[126]. - The company reported net sales from products amounted to $145,745 million in fiscal 2021, up from $127,671 million in fiscal 2020, indicating a growth of 14.2%[167]. - Net sales from services increased to $5,412 million in fiscal 2021, compared to $4,439 million in fiscal 2020, reflecting a growth of 21.9%[167]. Shareholder Returns - The company returned approximately $22 billion to shareholders in fiscal 2021, including $7.0 billion in cash dividends and $15.0 billion in share repurchases[13]. - The total number of shares repurchased in fiscal 2021 was 45 million, costing $15,001 million, compared to 3 million shares for $597 million in fiscal 2020[212]. - Cash dividends per share increased to $6.60 in fiscal 2021 from $6.00 in fiscal 2020[210]. - As of January 30, 2022, approximately $9.6 billion of the $20.0 billion share repurchase authorization remained available[211]. Capital Expenditures and Investments - In fiscal 2021, The Home Depot invested $2.6 billion in capital expenditures to enhance the interconnected customer experience[13]. - Capital expenditures for fiscal 2021 were $2,566 million, slightly up from $2,463 million in fiscal 2020[125]. - The company plans to continue expanding its market presence and investing in new technologies to enhance customer experience[1]. Store Operations and Customer Experience - The Home Depot operated 2,317 stores across the U.S., Canada, and Mexico as of the end of fiscal 2021[10]. - The Home Depot's stores typically stock approximately 30,000 to 40,000 items, with a significant online product assortment available[16]. - The company aims to provide the best customer experience in home improvement and extend its position as the low-cost provider[12]. - The Home Depot's strategic investments focus on creating a frictionless shopping experience that blends digital and physical retail[12]. - Approximately 55% of U.S. online orders were fulfilled through stores by the end of fiscal 2021, showcasing the effectiveness of the interconnected retail programs[23]. - The company has implemented curbside pickup and self-service lockers to improve customer convenience during the pandemic[23]. Supply Chain and Sourcing - In fiscal 2021, the company continued to invest in supply chain enhancements to achieve faster and more reliable delivery capabilities, aiming to reach 90% of the U.S. population with same or next day delivery[23]. - The Home Depot maintains sourcing offices in multiple countries, including Mexico, Canada, China, India, Vietnam, and Europe, to ensure high-quality product sourcing[17]. - The Home Depot's supply chain includes various distribution center platforms tailored to meet product and delivery needs, enhancing operational efficiency[23]. - The Home Depot's responsible sourcing program ensures compliance with social and environmental standards across its supply chain[17]. Workforce and Corporate Responsibility - The Home Depot employed approximately 490,600 associates at the end of fiscal 2021, with 89.1% located in the United States[27]. - The U.S. workforce is composed of 48% minorities and 52% whites, with 38% female and 62% male representation[30]. - The company focuses on associate engagement and development, providing robust training and support to enhance customer service[27]. - The company is committed to exercising corporate responsibility while delivering value to shareholders and other stakeholders[12]. Environmental Initiatives - The company aims to achieve a 40% reduction in Scope 1 and 2 carbon emissions by the end of fiscal 2030 and a 50% reduction by the end of fiscal 2035[31]. - The company plans to produce or procure 335 megawatts of renewable or alternative energy annually by the end of fiscal 2025[31]. - The company has set a goal to have 100% renewable electricity for all facilities worldwide by the end of fiscal 2030[31]. - The company received a score of "A-" from CDP in December 2021, reflecting leadership in climate change mitigation[32]. - The company has committed to eliminating certain chemicals from cleaning products by the end of fiscal 2022[31]. Acquisitions - The acquisition of HD Supply was completed on December 24, 2020, for a total cash consideration of $8.637 billion, with additional stock-based awards valued at $55 million[231]. - The total purchase consideration for the HD Supply acquisition amounted to $8.692 billion[232]. - The fair value of total assets acquired from HD Supply was recorded at $10.599 billion, with goodwill amounting to $4.872 billion[233]. - Identifiable intangible assets from the HD Supply acquisition were valued at $3.3 billion, including customer relationships and trade names[235]. - The goodwill from the HD Supply acquisition is primarily due to operational synergies and growth strategy acceleration, and is not expected to be tax-deductible[235].