The Home Depot is the world’s largest home improvement retailer with more than 2,200 stores and a massive online presence.
The Home Depot, Inc. is the largest home improvement retailer in the United States, supplying tools, construction products, and services. The company is headquartered at the Atlanta Store Support Center in unincorporated Cobb County, Georgia.
It operates many big-box format stores across the United States and its territories of Puerto Rico, Guam, and the U.S. Virgin Islands; all 10 provinces of Canada; and the 31 states and Federal District of Mexico. MRO company Interline Brands (now The Home Depot Pro) is also owned by The Home Depot, with 70 distribution centers across the United States.
Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting.
Despite the favorable revenue surprise, Home Depot saw a moderated fiscal year earnings projection implying that the corporation remains cautious about the road ahead.
The recent plunge caused by the fiscal Q4 2022 financial performance has caused Home Depot to lose almost 2% in its stock price in the last five days.