Home Depot Plans Workforce Investment as Pandemic Brings Another Strong Quarter

By Matt Grossman Close Matt Grossman Updated Nov. 17, 2020 7:11 am ET Home Depot Inc., a home-improvement retailer that has thrived as people spend more time isolated during the coronavirus pandemic, continued its momentum into the latest quarter and pledged to permanently increase compensation for its hourly workers.

The company’s performance in the quarter, which ended Nov. 1, bookends a robust summer season for the Atlanta-based retailer. In the first nine months of the fiscal year, revenue grew by more than 18% overall. Home Depot shares closed trading Monday near $280, up more than 28% since the start of the calendar year.

Ya think?

Home Depot = Trump

Now give them affordable healthcare.

How come you can never find anyone to help you in Home Depot?

Good for them. THIS is how it's supposed to work, NOT through government mandates written by ignorant legislators.

How much was their donation to end democracy again?

Home Depot has been raising prices.

Now, if only they would enforce the mask mandate in their stores. Can't wait for Christmas.

See... higher wages don't mean fewer workers or less profit.

It only took Home Depot 4 yrs. They squirreled away a lot of that tax break money and when the cache reached capacity, throw those the hourly's a bone. Seriously, I have a grateful heart for those who will see an increase, they suffered long enough, but I don't have praise for HD

Penske the same

Don’t shop there— goto Lowe’s

Racist

Of course they were allowed to operate thru the lockdowns. Clowns.

I “pledge” not to get hammered anymore too!

So why did it take a pandemic for Home Depot to do this? It was supposed to happen after Trump's corporate tax break which was 3 years ago!

More good news please(((

The AMERICAN WORKER has been neglected for too long. It’s time for those Wall Street types to bail out the AMERICAN VOLK. Now. Or face

👏🏼

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These Companies Continue Mask Mandate: Starbucks, Target, Home Depot And MoreMany stores are sticking with their mask policies regardless of new CDC guidelines lowering restrictions for those who are vaccinated.
Source: Forbes - 🏆 394. / 53 Read more »

Here's what to expect from Home Depot earningsShares of Home Depot have risen 20% so far this year, giving it a market value of $343 billion.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves in the premarket: Macy's, Home Depot, Walmart, Tesla & moreThe stocks making the biggest moves in premarket trading include Macy's, Home Depot, Walmart, Tesla, and more.
Source: CNBC - 🏆 12. / 72 Read more »