Home Depot peruntukkan US$1 bil bayar gaji kakitangan semua cawangan. Gaji jalan

R2D2

Home Depot boosts staff pay by US$1 bil after uninterrupted sales surge
Uday Sampath Kumar
Reuters
November 18, 2020 00:28 am +08


BENGALURU (Nov 17): Home Depot Inc said on Tuesday that it will spend about US$1 billion more on employees' wages annually, as the home improvement chain benefits from a sustained surge in demand for tools and building materials due to the Covid-19 pandemic.

Home Depot's blue-chip stock, up 28% this year, fell 2.5% in early trading, despite the company beating quarterly sales and profit estimates.

Demand for home improvement products have remained elevated since coronavirus lockdowns started in March, as Americans spending more time at home due to limited options for travel or leisure activities use their discretionary income on minor home remodeling and repair work.

The heavy activity has, however, also led Home Depot to spend US$1.7 billion in temporary pay and benefits for staff working through the health crisis. The company said on Tuesday it will change some of those benefits to permanent wage increases for frontline hourly employees.

A strengthening US housing market, owed in part to record low mortgage rates, also encouraged customers to invest more in their homes, Home Depot said, signaling strong sales in the holiday season.

Business has been unaffected by spiking virus cases, the company said, a day after it agreed to buy HD Supply Holdings in a deal valued at about US$8 billion.

The company posted a 24.1% rise in same-store sales for the third quarter ended Nov 1, beating analysts' average estimate of a 14.8% increase, according to IBES data from Refinitiv.

Home Depot earned US$3.18 per share on net sales of US$33.54 billion, while analysts had expected a profit of US$3.06 per share on net sales of US$32.04 billion.

Tinot7

Semoga dipermudahkan urusan

sarah82

home depot ni kalau ada kat malaysia..kira mcm playground bagi aku...mcm2 la bakal aku beli utk projek DIY yg aku nak buat

teringat aku screen dlm Equalizer, yg Danzel Washington lap balik tukul dan letak kat rak home depot dia kerja lepas dia guna katuk org jahat

PCgamingpure

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