View More Year in Review Together, we made our best year yet. From giving back in our communities to taking steps to better our environment, take a look at what we accomplished this year: Living Our Values We recognize ways our associates exemplify living our values by going above and beyond in connecting with a customer or community.
In fact, the Dow component seemed to have the wind at its back throughout the year, thanks to information technology and supply chain upgrades, good expense leverage, market-share gains, and the early stages of what promises to be a lengthy housing recovery.
But what should investors do now? Will the good times continue to roll for this giant specialty retailer and its shareholders? Serving both the do-it-yourself and professional contractor markets, the company maintains a network of roughly 2, big-box stores in the U.
It also provides numerous services to do-it-for-me customers, installing everything from carpeting, flooring, and cabinets to roofing, windows, and central air systems. This prevented Home Depot from falling off a cliff during financial crisis and recession. Home Depot has been the fastest growing retailer in U.
Indeed, these alliances have enabled the company to deliver exclusive, innovative assortments to do-it-yourselfers and professional contractors alike, with a combination of national brands and propriety products, such as Ryobi tools, RIDGID tools, BEHR paint, LG appliances, and Toro and Cub Cadet lawn equipment.
And we expect them to become an even greater part of the mix going forward, as the company rolls out new services, from e-receipts to Home depot annual report new mobile app and loyalty program, catering to the fastidious professional crowd.
And CEO Frank Blake, who took his seat in the corner office in earlyremains committed to repurchases as a way to bolster share earnings and enhance shareholder value. Weaknesses Relatively Small Online Presence: This makes Home Depot vulnerable to large Internet-based retailers, such as Amazon AMZNthat may be able to undercut it on price in some cases and even guarantee quicker home delivery.
Still, the company is stepping up its ecommerce efforts, endeavoring to provide its customers with an interconnected retail experience. And it is extending its distribution network, which ought to enable it to catch up with online rivals on the order fulfillment and direct delivery fronts.
Conditions have improved a lot since the recession, with affordability now rather high and housing formation finally starting to turn the corner. Home values also continue to appreciate across the country in what will likely be a lengthy, multiyear upcycle.
This is leading to greater home investment, and it will likely keep the same-store sales and earnings momentum going for some time to come. This has resulted from an aging of housing inventories across the country.
And it, along with cheap financing options, is contributing to a favorable uptick in renovation activity. There are eight new stores planned fordown from the recent pace of closer to 12 per year.
Yet, development opportunities remain plentiful, particularly as Home Depot looks to make inroads overseas, in China and elsewhere, with smaller specialty outlets, including ones focused solely on home decorations and paint and flooring. Among these are measures to improve merchandise execution, order management, and space optimization, along with efforts to drive more inventory and supply chain efficiencies.
This could have a chilling effect on consumer spending and the overall housing recovery. That said, we expect borrowing costs to stay historically low even as the economy strengthens and the Federal Reserve winds down its accommodative bond-buying program.
And home buying should remain an attractive option for many consumers, particularly with rental prices soaring in many American cities. In any given year, cold and stormy weather can wreak havoc on customer counts and depress key same-store sales trends.
We would be especially bullish on the stock in the event of a material price pullback, which could well happen if the broader equity benchmarks enter a correction phase.The Home Depot was the first major home improvement retailer globally to commit to phase out all ortho-phthalates in its vinyl flooring within one year’s time, setting a major precedent for other home improvement chains and flooring retailers who followed suit in Home Depot Annual Report Click on any small image to view the full-size page.
(Demo users can only view pages 1 through 5) Annual Report Reproduced with permission of Home Depot: Demo version. Subscribers have full viewing and printing access to our 7,+ Annual .
Home Depot, founded in and headquartered in Atlanta, Georgia, is the world’s largest home improvement retailer, with over , employees and annual sales of nearly $80 billion.
|Related BrainMass Content||We are dedicated to helping students with their everyday College needs.|
|The Home Depot | About Us||It includes commitments to restrict hazardous chemicals of concern, such as flame retardants, PFAS, phthalates, vinyl chloride, and triclosan, from key product categories, including paints, vinyl and laminate flooring, wall-to-wall carpet, and fiberglass insulation.|
|HOME DEPOT INC||International stock quotes are delayed as per exchange requirements.|
Jun 28, · Home Depot is a large public corporation that is required to use the accrual method of accounting.
This should be on the accountant's notes to the financial report, or somewhere else in the annual leslutinsduphoenix.com: Resolved. The Home Depot Inc (NYSE:HD) Annual Shareholder Meeting May 18, AM ET Executives. Craig Menear - CEO and President.
Teresa Roseborough - EVP, General Counsel. Carol Tomé - CFO, EVP. The following is an excerpt from a K SEC Filing, filed by HOME DEPOT INC on 4/3/