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Home Depot (HD) is a US retailer of home improvement supplies. Founded on 29 June 1978 and headquartered in Cobb County, Georgia, the company markets construction materials, tools and renders a variety of services. Home Depot serves three groups of customers: do-it-yourself (DIY) clients (home owners), do-it-for-me (DIFM) clients (those who buy materials themselves but turn to third parties for services) and professional clients (renovators, repairmen, installers, etc.). The company has approximately 2,270 stores across the USA, Canada and Mexico. Their range of brand names includes Husky, Everbilt, Hampton Bay, Vigoro, Glacier Bay, LifeProof Carpet, etc. Home Depot is listed on the New York Stock Exchange (NYSE).
The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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