Grants will fund the construction of more than 300 new units of housing ATLANTA, June 24, 2024 /PRNewswire/ -- The Home Depot Foundation is investing $9 million to provide housing solutions for over 3,400 veterans battling homelessness. This funding will support the construction of more than 300 new housing units and the repair of nearly 200 additional units, bringing much-needed stability and comfort to veterans across the nation. Over the past decade, the number of homeless veterans has decreased by 55%, ...

The home improvement industry has faced some pretty rough headwinds over the past year. With inflation and high rates taking a toll on consumer budgets, it’s not hard to imagine many big-ticket discretionary purchases are being pushed out into the future, perhaps once rates are far lower. After all, home improvement projects and a new coat of paint on the house aren’t urgent, especially when grocery bills are going through the roof.As inflation and rates settle, perhaps more homeowners will be able to commi ...

The home improvement industry has long been a witness to the tussle between the market duopoly — The Home Depot Inc. (HD) and Lowe’s Companies Inc. (LOW) . Having dominated the U.S. home improvement market for long, Home Depot and Lowe’s have time and again been in competition with each other for the top spot.Given the situation, choosing between these companies has always turned out to be daunting for investors. While these two big names have impressed investors with stability and growth, picking one stock ...

M. SuhailWhen it comes to the Power of Compounding, there are not many better examples of there than The Home Depot (NYSE:HD). HD has been a compounding darling for years, and what I mean by that is the fact that they have provided not only solid dividend growth over the years, but separate from the dividend, they have provided great share price appreciation. However, over the past few years, HD shares have well underperformed the S&P 500 (SPY) by a decent margin. yChartsLooking at the performance char ...

Acquisition Details - Home Depot has completed the acquisition of SRS Distribution for an enterprise value of $18.25 billion, including net debt, funded through cash and debt [1] - This acquisition is expected to expand Home Depot's total addressable market (TAM) to $1 trillion, an increase of $50 billion [1] Strategic Growth Initiatives - Home Depot is executing its "One Home Depot" investment plan, focusing on supply-chain facilities, technology investments, and enhancing the digital experience [3] - The interconnected retail strategy has consistently boosted web traffic over the past few quarters [3] Performance of Pro Segment - The Pro segment has been a key growth driver, with robust sales growth observed over the past several quarters [4] - In Q1 fiscal 2024, Pro and DIY sales were nearly aligned, with Pro backlogs remaining healthy compared to historical trends [5] - The company is investing in Pro capabilities, including enhanced fulfillment and personalized online experiences, to deepen engagement with Pro customers [5] Market Reaction - Following the announcement of the SRS Distribution acquisition, Home Depot's shares rose by 1.3% [2] - Year-to-date, Home Depot's shares have rallied 17.4%, outperforming the industry growth of 11.3% [2]

ATLANTA, June 18, 2024 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, has completed the acquisition of SRS Distribution, Inc. ("SRS") for a total enterprise value of approximately $18.25 billion. SRS is a leading residential specialty trade distribution company across several verticals serving the professional roofer, landscaper and pool contractor. The agreement to acquire SRS was announced on March 28, 2024. "SRS is an excellent fit for The Home Depot – it's both complemen ...

You don't need to follow the market's hot trends -- but if you do, choose some safe stocks to balance them out.If you can imagine buying a stock and holding it for 30 years, you're ahead of the game. By following that kind of investing philosophy, you give yourself a good chance of beating the market and perhaps becoming a millionaire. At the very least, you're likely to retire much richer than you are today.There's no way to know for sure what will happen to any specific investment, but if you do your due ...

Can Home Depot still deliver returns for investors?Home Depot (HD -0.30%) has succeeded by becoming a go-to supplier for construction, repair, and remodeling projects for individuals and businesses. Founders Stanley Marcus and Arthur Blank succeeded by bringing together home improvement-related needs, such as lumber, plumbing, electrical, flooring, and other product lines under one roof.Over time, this approach made it the world's largest home improvement retailer. However, growth has slowed in recent years ...

Home Depot stock is a staple in many portfolios, so let's see where it stands in a challenging macroenvironment.The housing market has cooled, along with Home Depot's (HD -0.30%) stock, but the world's largest home improvement retailer is preparing to complete an $18.25 billion acquisition of SRS Distribution, a building products wholesale distributor, to bolster its future growth.As Home Depot shareholders wait for the deal to go through and the housing cycle to turn around, the company will continue to pa ...

The Home Depot Inc. (HD) looks well-poised for long-term growth on its ongoing investments to strengthen its business despite the recent softness in demand trends across the home improvement industry. Home Depot is witnessing significant benefits from the execution of its strategic initiatives and commitment to investing in the business to deliver the best interconnected shopping experience, capture wallet-share with the Pro, and expand its store footprint.The company is on track with the execution of the “ ...