Home Depot Annual Report

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The Home Depot, Inc. is a large home improvement retailer, with a home office located at 2455 Paces Ferry Road, N.W., Atlanta, Georgia 30339. Francis S. Blake currently serves as the CEO of the corporation, as he has since January of 2007. Their most recent fiscal year ended January 31, 2010. Being the world’s largest home improvement retailer and the fourth largest retailer in the United States , The Home Depot, Inc. sells a variety of raw building materials, home improvement, and lawn and garden products to both Do-It-Yourself and Commercial Customers. In addition, for their Do-It-For-Me (“D-I-F-M”) customers, the retailer provides many home improvement services through independent contractors, who install many of the products available in the stores. The Home Depot is mainly located in the United States and other U.S. territories. However, several locations may also be found in Canada, Mexico and China. KMPG, LLP provided the independent audit of financial reports supplied by The Home Depot, Inc. According to their review, the corporation maintained an accurate record of all accounting statements and represented the company’s financial position in a relevant and reliable manner in accordance with the standards of the PCAOB and COSO. While KMPG’s independent audit is an important review, verifying the accuracy and materiality of the financial statements, The Home Depot, Inc.’s management is ultimately responsible for the produced report. Company Stocks are traded on the New York Stock Exchange under ticker symbol HD. In the 2009, dividends were declared quarterly at $0.22500 per share. As of the close of July 30, 2010 Home Depot’s market price was $28.51 per share. Despite increasing dividends and a relatively stable share price, the home improvement retail industry continues to struggle due to the ongoing world wide economic difficulties. With the U.S. housing industry continuing to go into decline and unemployment rates continuing to rise,...
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