Methodology: The GOBankingRates Evaluation assesses a company’s net worth based on the company’s total assets, total liabilities, and revenue and net income from the last three years. is - like it is for Lowe’s - The Home Depot’s largest shareholder, with 93,428,756 shares - 9.09% of total shares - as of June 29.ĭaria Uhlig contributed to the reporting for this article.ĭata is accurate as of Aug. Big banks like Bank of America have a stake in the company, and investment company The Vanguard Group Inc. The Home Depot’s investment makeup is similar to its rival Lowe’s. His replacement is Ted Decker, who joined the company in 2000 and had served as president and chief operating officer since October 2020. 27 press release that CEO Craig Menear would step down from that role on March 1. We can’t predict how the evolving macroeconomic backdrop will impact our customer going forward.” However, Decker acknowledged strength in the “long-term underpinnings of demand for home improvement” and Home Depot’s “distinct competitive advantages” to capitalize on growth opportunities. Ted Decker, the company’s president and CEO, said, “While the business performed very well and our consumer remained resilient through the first half of the year, we are navigating a unique environment. Comparable sales were positive across all merchandising departments, with building materials, plumbing, millwork, paint and hardware performing well above company average.ĭuring the earnings call following the release, Home Depot executives told analysts that the company is being challenged by inflation, a tight labor market and supply-chain bottlenecks. While seasonal sales failed to meet the company’s expectations in the first half of the year, weakness there was more than offset by better-than-expected sales in project-related categories. had positive comparable sales compared to a year ago, and Mexico and Canada had above-average comparable sales. The results beat analyst estimates on both counts, CNBC reported. 16, The Home Depot announced its highest quarterly sales and earnings results in its history, with 6.5% sales growth compared to Q2 2021 and an 11.5% increase in diluted earnings per share. In its second-quarter 2022 earnings release on Aug. Shares have lost about 21% of their value since then and were trading at $327.38 when the market closed on Aug. After a brief dip in March 2020, when the economy shut down due to the pandemic, the share price climbed to an all-time high closing price of about $415 in November 2021, thanks to a strong housing market. The Home Depot’s value rose fairly steadily beginning in 2011, as the housing market recovered from the crash. In an effort to bypass market volatility, the GOBankingRates Evaluation calculates a company’s net worth based on recent annual reports of income and profit while also taking into consideration its assets and liabilities.īased solely on The Home Depot’s revenue and profits from the last three years and its assets and debts, The Home Depot is worth over $131 billion. Market caps offer a clear view of what the market values a company at, but that value is also susceptible to change on an almost-hourly basis due to external market forces and investors fighting over the value of shares.
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