Historical hd News Stories
Home Depot Earnings Miss Supply Shift Hit HD Stock
Home Depot's recent Q3 miss and lowered EPS outlook—driven largely by an unusually calm hurricane season—sent HD shares lower, while a permanent HD Supply distribution closure signals ongoing cost rationalization amid rising competition from Lowe’s and long-term growth investments in Mexico.
Home Depot Tightens Supply Chain Expands Pro Reach
Home Depot announced a consolidation of HD Supply distribution with a planned Tennessee facility closure and is progressing with its GMS acquisition to deepen service for professional customers. These tangible moves — including workforce reductions, an expanded Pro footprint, and intensified competition from Lowe’s — directly affect Home Depot’s distribution, Pro strategy, and near-term cost structure.
Home Depot Funds Hurricane Relief, Expands Supply.
Home Depot committed $1 million in product and grant donations to Hurricane Melissa relief while its SRS Distribution unit’s pursuit of GMS continues to reshape HD’s professional supply footprint. These actions drive short-term demand for recovery products and underscore a strategic push into commercial distribution that could affect sales and logistics execution.