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Home Depot, Inc. (The) (HD) Stock Forecasts

Summary

Home Depot is the world’s largest home improvement retailer, with sales of $110 billion for the fiscal year ended February 2, 2020. The company, which is based in Atlanta, sells appliances, tools, paint, lumber, plumbing and electrical, garden and other home-improvement supplies in warehouse-sized stores that average 105,000 square feet. About 31% of sales came from plumbing, electrical and kitchen; 29% from hardware and seasonal; 21% from building materials and 19% from paint and flooring. The company’s total selling space is about 238 million square feet. At the end of FY20, Home Depot had 2,291 stores. Approximately 28% of U.S. stores are in California, Florida and Texas. About 8% of the stores are in Canada and 4% are in Mexico. Online sales represented almost 8% of the FY19 total, up from about 7% at the end of FY18.

The company’s fiscal year ends on the Sunday nearest

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Home Depot Reports Sales Continue to Surge

Home improvement retailer Home Depot (NYSE:HD) announced strong sales and income growth in its third-quarter earnings report Tuesday. It also said that increased compensation made to frontline and hourly associates during the pandemic will be made permanent, adding about $1 billion in annual spending. 

Home Depot reported a comparable stores increase of 24.1%, with U.S. comp sales increasing 24.6%. Both revenue and earnings beat analyst expectations. Net income of $3.18 per diluted share was 26% higher than the year-ago period, and above analyst estimates of $3.06 per share, according to Refinitiv.

Front of Home Depot store

Image source: The Home Depot.

Chairman and CEO Craig Menear said in a statement the “exceptional” results reflected “the continuation of outsized demand for home improvement projects.” In the nine months ended Nov. 1, 2020, Home Depot has increased its net cash provided by operating activities by more than 60% compared to the previous-year period. 

Earlier

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Home Improvement: Signs your gutters are in need of repair – Salisbury Post

Metro Creative

Fall is a great time to tackle projects around the house. The weather each fall allows homeowners to make improvements to their homes’ exteriors without worrying about extreme heat or cold, while interior projects like painting are made easier because homeowners can open the windows to allow for proper ventilation. Fall also marks a great time to prepare for upcoming projects that can make winter work that much easier. For example, fall is a great time to take stock of your gutters so you can address any issues before leaves begin to fall or the first snowstorm touches down. Compromised gutters can contribute to water issues in basements and adversely affect a home’s foundation if not addressed immediately, so it behooves homeowners to learn the signs that gutters are in need of repair or replacement.

• Gutters hanging off the home: Gutters were once installed predominantly with spikes.

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23 Genius Home Improvement Projects You Can Do in an Hour (or Less!)

Remodeling your home doesn’t just cost a pretty penny—major home improvement projects can take months to complete, often throwing your home into disarray in the process. However, you don’t have to spend an inordinate amount of time amidst chaos and clutter to achieve the magazine-worthy home you want.

With the help of top contractors, flippers, and interior designers, we’ve rounded up the best home upgrades you can tackle in under an hour. And for more ways to make over your space, check out these 50 Affordable Interior Design Tips for a Gorgeous Home.

1

Add a peel-and-stick backsplash.

modern kitchen with dark cabinetry, white stone counters, and gray chevron backsplash
modern kitchen with dark cabinetry, white stone counters, and gray chevron backsplash

If you’ve always dreamed of an elegant kitchen, but don’t have the money or time for a major renovation, installing a peel-and-stick backsplash is the project for you.

“Peel-and-stick backsplash tiles are affordable and come in sheets with a

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7 Best Ways to Finance Home Improvement Projects

Home improvement projects have a way of increasing in priority when you’re always in the house.

The leaky kitchen faucet never really bothered you until you had to turn your kitchen table into a desk, forcing you to listen to the dribble. All. Day. Long.

Or maybe you discovered your cozy home isn’t quite big enough to also house an office, gym and school, so you need to rethink your space.

Whatever the reason and whatever the size of the project, you need to make a change — but how are you going to pay for it?

Considering the eye-popping price tag — the average cost for just a garage door replacement is $3,695 and a minor kitchen remodel surpasses $23,000 — you might not know where to start for financing your home improvement projects.

But whether the price tag is a few hundred dollars or into the triple digits,

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13 Best Home Improvement Projects To Tackle This Fall

A recent survey by LightStream found that despite the coronavirus pandemic, 73% of homeowners are planning to renovate this year. And these homeowners are planning to spend big money, too — the survey found homeowners plan to spend an average of $11,851 on these renovations. These numbers might sound shocking in light of the financial hardships many Americans are facing due to the pandemic, but it seems the health crisis actually might be the reason so many are so motivated to renovate.

“As a result of COVID-19 shutdowns that closed offices, businesses, schools and more, self-isolation has forced Americans to take a much closer look at their homes,” Todd Nelson, senior vice president of strategic partnerships at LightStream, said in a news release. “Many have clearly decided that renovation remains the right move.”

If you’re one of the many homeowners who’s eager to update your home this fall, these are

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