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    Home Depot Inc (HD)

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    Business Description

    The Home Depot, Inc. is the world's largest home improvement retailer, providing a wide range of building materials, home improvement products, lawn and garden products, décor items, and facilities maintenance, repair, and operations products . These products are available both in physical stores and online across the U.S., Canada, and Mexico . In addition to products, the company offers services such as home improvement installation and tool and equipment rental .

    1. Building Materials - Offers a variety of essential construction and renovation supplies, including departments like Building Materials, Electrical, Lumber, Millwork, and Plumbing.
    2. Décor - Provides a wide selection of home enhancement products, featuring Appliances, Bath, Flooring, Kitchen & Blinds, Lighting, and Paint.
    3. Hardlines - Includes a diverse range of products for home and garden needs, covering Hardware, Indoor Garden, Outdoor Garden, Power, and Storage & Organization.

    Key Metrics

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    Executive Team

    NamePositionStart DateShort Bio
    Edward P. DeckerChair, President, and CEOMarch 2022Edward P. Decker has been serving as the Chair, President, and CEO since March 2022. He became the Chair in October 2022. He joined The Home Depot in 2000 and has held various strategic planning roles .
    Richard V. McPhailExecutive Vice President and CFOSeptember 2019Richard V. McPhail has been the Executive Vice President and CFO since September 2019. He joined The Home Depot in 2005 and has held various finance-related positions .
    William D. BastekExecutive Vice President – MerchandisingMarch 2023William D. Bastek has been the Executive Vice President – Merchandising since March 2023. He began his career in 1989 at HD Supply, which was acquired by Home Depot in 1997 .
    Ann-Marie CampbellSenior Executive Vice PresidentNovember 1, 2023Ann-Marie Campbell has been the Senior Executive Vice President since November 1, 2023. She started at The Home Depot in 1985 as a cashier and has held various roles of increasing responsibility .
    Matthew A. CareyExecutive Vice President – Customer ExperienceApril 2022Matthew A. Carey has been the Executive Vice President – Customer Experience since April 2022. He was previously the Executive Vice President and Chief Information Officer .
    John DeatonExecutive Vice President – Supply Chain & Product DevelopmentNovember 2021John Deaton has been the Executive Vice President – Supply Chain & Product Development since November 2021. He has held various senior roles in operations and supply chain since joining The Home Depot .
    Hector PadillaExecutive Vice President – U.S. Stores and OperationsNovember 2023Hector Padilla has been the Executive Vice President – U.S. Stores and Operations since November 2023. He began his career with The Home Depot in 1994 as a store associate .
    Teresa Wynn RoseboroughExecutive Vice President, General Counsel, and Corporate SecretaryNovember 2011Teresa Wynn Roseborough has been the Executive Vice President, General Counsel, and Corporate Secretary since November 2011. She previously held legal positions at MetLife, Inc. and the U.S. Department of Justice .
    Fahim SiddiquiExecutive Vice President and Chief Information OfficerApril 2022Fahim Siddiqui has been the Executive Vice President and Chief Information Officer since April 2022. He previously held senior IT roles at Staples Inc. .
    Timothy A. HouriganExecutive Vice President – Human ResourcesJune 2017Timothy A. Hourigan has been the Executive Vice President – Human Resources since June 2017. He has held various human resources roles within the company since joining .

    Questions to Ask Management

    1. Given your guidance of a decline in diluted earnings per share by approximately 2% and operating margin decline for fiscal 2025, what specific factors are driving this decrease, and how do you plan to mitigate these pressures to improve profitability going forward?

    2. Considering the potential impact of tariffs on products sourced from China and Southeast Asia, what percentage of your sales is exposed to these tariffs, and how are you diversifying your supply chain to mitigate this risk?

    3. Can you provide more specifics on the progress of integrating SRS Distribution, particularly regarding cross-selling initiatives, and are there any challenges that have arisen in realizing the expected synergies?

    4. You mentioned positive momentum in mitigating shrink. What are the specific strategies you've implemented to address shrink, and how significantly has shrink affected your financial performance in recent quarters?

    5. Despite stating confidence in gaining market share, could you elaborate on which specific categories you're seeing underperformance, and what actions are you taking to address competitive pressures in those areas?

    Share Repurchase Program

    Program DetailsProgram 1Program 2
    Approval DateAugust 2022 August 2023
    End Date/DurationReplaced by Program 2 No expiration date
    Total additional amount$15.0 billion $15.0 billion
    Remaining authorization amountN/A (replaced)Approximately $11.7 billion
    DetailsReplaced by August 2023 authorization Replaced August 2022 authorization

    Debt Maturity Schedule

    YearAmount Due (in millions)Debt TypeInterest Rate% of Total Debt
    2025$600Floating rate senior notesFloating Rate1.1% = (600M / 54,578M) * 100
    2025$9005.100% senior notes5.100%1.6% = (900M / 54,578M) * 100
    2026$1,5005.150% senior notes5.150%2.7% = (1,500M / 54,578M) * 100
    2027$1,0004.875% senior notes4.875%1.8% = (1,000M / 54,578M) * 100
    2029$1,2504.750% senior notes4.750%2.3% = (1,250M / 54,578M) * 100
    2031$1,0004.850% senior notes4.850%1.8% = (1,000M / 54,578M) * 100
    2034$1,7504.950% senior notes4.950%3.2% = (1,750M / 54,578M) * 100
    2054$1,5005.300% senior notes5.300%2.7% = (1,500M / 54,578M) * 100
    2064$5005.400% senior notes5.400%0.9% = (500M / 54,578M) * 100

    Competitors

    Competitors mentioned in the company's latest 10K filing.

    • Other home improvement retailers
    • Local, regional and national hardware stores
    • Electrical, plumbing and building materials supply houses
    • Lumber yards
    • Specialty design stores
    • Showrooms
    • Discount stores
    • Paint stores
    • Specialty and mass digital retailers
    • Warehouse clubs
    • MRO distributors
    • Home décor retailers
    • Providers of home improvement services
    • Tool and equipment rental providers

    Auditor

    NameStart DateEnd DateReason for Change
    KPMG LLP1979 PresentCurrent auditor