HomeDepot

Home Depot sales top $150B for first time amid home renovation surge

Home Depot sales top $150B for first time amid home renovation surge

By Michael E. Kanell, The Atlanta Journal-ConstitutionTroy Warren for CNT #BusinessHome Depot last quarter recorded sales of $35.7 billion to close its fiscal year with $151.2 billion as the giant hardware chain continued its pandemic surge to a record result, the company reported Tuesday.Sales for the Vinings-based retailer during the fourth quarter were up 10.7% from the same period a year earlier. Home Depot’s annual revenues rose 14.4% from the previous year.During the past two years, Home Depot sales have surged by more than $40 billion, said Craig Menear, company chairman and chief executive, in a statement. “Fiscal 2021 was…
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Home Depot to hire 100,000 this spring

Home Depot to hire 100,000 this spring

By Michael E. Kanell, The Atlanta Journal-ConstitutionTroy Warren for CNT #BusinessOver the next three months, Home Depot will hire more than 100,000 workers nationally, including more than 6,400 people in metro Atlanta, company officials said Tuesday.A burst of hiring is a spring routine for the huge company, as do-it-yourselfers and professional contractors start new projects. But the surge will be 20% higher than normal because of dramatic growth during the pandemic in both online and in-store sales, Eric Schelling, vice president of global talent acquisition, told The Atlanta Journal-Constitution.“It is the consumer demand that is driving our hiring counts,” he…
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Home Depot reaping rewards of fixer-upper frenzy

Home Depot reaping rewards of fixer-upper frenzy

By Michael E. Kanell, The Atlanta Journal-Constitution Troy Warren for CNT #Business #HomeGarden Home Depot on Tuesday reported a nearly 10% jump in sales last quarter, much of it attributed to a continuing surge in home improvement projects brought on by a hot housing market. Executives of the Vinings-based retail giant said a spike in housing prices over the past year has encouraged owners to invest in their homes, spurring demand for tools, materials and services. The price of an existing home has climbed about 22% since April 2020, according to the S&P/Case Shiller Index. Inflation has not slowed company sales,…
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Home Depot sales climb again, but DIY frenzy may be cooling

Home Depot sales climb again, but DIY frenzy may be cooling

By MICHELLE CHAPMAN, Associated Press Troy Warren for CNT #Business #HomeGarden Home Depot’s sales continue to surge, though same-store sales appeared to come back to earth after a year in which the home improvement chain outperformed expectations repeatedly. For the three months ended Aug. 1, sales climbed to $41.12 billion from $38.05 billion. Chairman and CEO Craig Menea said in a prepared statement Tuesday that this was the first time the chain surpassed quarterly sales of more than $40 billion. Revenue also surpassed the $40.71 billion analysts were expecting, according to a survey by Zacks Investment Research. However, sales at stores open…
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