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 ...

The Home Depot, Inc. (NYSE:HD) Goldman Sachs 29th Annual Global Retailing Conference September 8, 2022 9:35 AM ET Company Participants Ted Decker - Chief Executive Officer and President Jeff Kinnaird - Executive Vice President of Merchandising Isabel Janci - Investor Relations Conference Call Participants Kate McShane - Goldman Sachs Kate McShane Okay, good morning, everyone. We are going to get started. Thank you for joining us. We are very happy to be hosting Home Depot. This morning, today, we have with ...

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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].

The Home Depot, Inc. (NYSE:HD) Q4 2021 Earnings Conference Call February 22, 2022 9:00 AM ET Company Participants Isabel Janci - Investor Relations & Treasurer Craig Menear - Chairman and CEO Ted Decker - President and Chief Operating Officer Richard Mcphail - Executive Vice President and Chief Financial Officer John Deaton - EVP of Supply Chain & Product Development Jeff Kinnaird - EVP of Merchandising Conference Call Participants Simeon Gutman - Morgan Stanley Michael Lasser - UBS Chris Horvers - JPMorgan ...

Summary of Home Depot Conference Call Company Overview - **Company**: The Home Depot, Inc. (NYSE: HD) - **Event**: Morgan Stanley Global Consumer & Retail Conference 2021 - **Date**: December 2, 2021 - **Participants**: Richard Mcphail (CFO), Isabel Janci (VP of IR), Simeon Gutman (Morgan Stanley Analyst) [1][2] Key Industry Insights - Home Depot has been one of the best-performing retailers over the last two decades, with a strong management focus on reinvestment and transformation [4][5]. - The home improvement industry is experiencing steady demand, with a two-year comparable sales level remaining stable over the past five quarters [6][7]. - There is a shift from a COVID-driven demand environment to a housing-supported demand environment, indicating long-term growth potential in home improvement [7][8]. Demand and Sales Growth - Home improvement demand is supported by factors such as home price appreciation, which is projected to be around 25% over two years, and excess savings of approximately $2 trillion in bank accounts [18][19]. - Remodeling demand is robust, with builders reporting healthy backlogs across various project sizes [21]. - Home Depot has gained market share, taking about 60 basis points above the industry average over the last 10 to 20 years, with accelerated growth during COVID [22][23]. Supply Chain and Operational Strategy - Home Depot is implementing a "One HD" supply chain strategy, focusing on enhancing customer-facing capabilities and improving delivery efficiency through flatbed distribution centers [27][28]. - The company is transitioning to a more agile supply chain model, allowing for better inventory management and quicker response to demand fluctuations [16][29]. - Investments in Market Delivery Centers (MDCs) and Market Delivery Operations (MDOs) are aimed at improving the delivery experience for appliances and other large items [31][33]. Pricing Power and Financial Performance - Home Depot's pricing strategy is based on understanding elasticity and providing innovative products, which helps maintain pricing power despite cost pressures [36][37]. - The focus is on EBIT dollar growth rather than solely on margin, with a commitment to enhancing shareholder value through strategic investments and operational efficiency [40][41]. Conclusion - Home Depot is optimistic about the home improvement environment and is committed to capturing market share through strategic investments in supply chain and customer experience [19][23]. - The company aims to balance short-term demand responsiveness with long-term growth strategies, ensuring a strong position in the evolving retail landscape [16][40].