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MarketScreener Homepage  >  Equities  >  Nyse  >  The Home Depot, Inc.    HD

THE HOME DEPOT, INC.

(HD)
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Home Depot : to Open Two New Distribution Centers in Newark Area; Plans to Add 400 New Jobs in Tri-State Area

12/02/2020 | 08:17am EST

December 02, 2020

The Home Depot today announced that it will open two new distribution centers in Perth Amboy, New Jersey, over the next 12 months to support the growing demand for flexible customer delivery options. The expansion is projected to bring more than 400 jobs to the tri-state area, including full- and part-time positions. The company currently operates six distribution centers across New Jersey, New York and Connecticut.

'Our customers have varying needs - from DIYers renovating a room in their home to professional contractors on job sites to institutional business customers overseeing maintenance and repair operations,' said Kyle Dennis, vice president of supply chain development. 'Ongoing investments to our supply chain network help us deliver on our Pro and DIY customers' changing expectations.'

In 2017, the company announced a $1.2 billion investment in its supply chain and is in the process of building out its network with about 150 new facilities nationwide. They include a variety of formats to meet the unique needs of different customers in the dynamically changing world of retail.

The newest facility is a 333,000 square-foot flatbed delivery center in Perth Amboy that will offer same-day and next-day flatbed delivery of bulk and oversized orders to customers and stores in the tri-state market. These new locations further The Home Depot's capability to serve its DIY and Pro customers - enabling the company to deliver large, oversized orders and materials directly to a customer's home or job site, when and where they need it.

In addition, The Home Depot plans to open an order fulfillment center in Perth Amboy in 2021, which will offer both DIY and Pro customers same-day and next-day delivery.

The company is also expanding appliance delivery options in New York and recently opened new delivery locations in Cheektowaga and Schenectady. Another appliance delivery operation is planned for Hicksville, New York, in 2021.

Hiring is ongoing for warehouse and driver roles, as the company's supply chain expansion continues. Interested jobseekers should visit careers.homedepot.com for a quick and easy application - or, text JOBS to 52270 for a link to apply to local positions.

Disclaimer

The Home Depot Inc. published this content on 02 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 13:16:05 UTC


© Publicnow 2020
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Financials (USD)
Sales 2021 130 B - -
Net income 2021 12 753 M - -
Net Debt 2021 27 357 M - -
P/E ratio 2021 24,0x
Yield 2021 2,12%
Capitalization 306 B 306 B -
EV / Sales 2021 2,56x
EV / Sales 2022 2,56x
Nbr of Employees 415 700
Free-Float 60,1%
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Technical analysis trends THE HOME DEPOT, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 33
Average target price 306,54 $
Last Close Price 284,00 $
Spread / Highest target 25,0%
Spread / Average Target 7,94%
Spread / Lowest Target -26,1%
EPS Revisions
Managers and Directors
NameTitle
Craig A. Menear Chairman & Chief Executive Officer
Edward P. Decker President & Chief Operating Officer
Richard V. McPhail Chief Financial Officer & Executive Vice President
Matthew A. Carey Chief Information Officer & Executive VP
Paul Antony Senior Vice President-Technology
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