Tim Gillespie Home Depot Forecasting Project

Tim Gillespie Home Depot Forecasting Project - Home Depot...

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Home Depot, Inc. Forecasting Project P a g e | 1 Running Header: Home Depot, Inc. Forecasting Project Home Depot, Inc. Forecasting Project Tim Gillespie Regis University Financial Analysis Professor: Doug Hartman October 11, 2009
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Home Depot, Inc. Forecasting Project P a g e | 2 Executive Summary The Home Depot is the largest home improvement chain in the United States, Canada, and Mexico. Currently the Home Depot operates over 1900 stores in all these areas, including a few stores in China as well. The Home Depot has recently had to start closing some stores due to the economic conditions that exist and I will reference the reason for this in the following report. This is a financial analysis of Home Depot. In addition, it will compare Home Depot to one of its biggest competitors, Lowes. This report will cover the following key points: 1. The revenue trend for Home Depot compared to Lowes. This section will also cover key ratios, and other financial statements. The biggest point to notice in this section is how Home Depot’s revenue has gone down over $2 billion in the last 2 years. 2. Key ratios of Home Depot compared to the industry averages. 3. How Home Depot’s stock market performance has been during a portion of the economic recession. A key thing to notice is how Home Depot stock has stayed consistent even with an economic recession. 4. It will cover the economic conditions that favor Home Depot, the conditions that could create a challenge, and recommended financial decisions to help Home Depot. The purpose of this report is to inform readers of the financial conditions of Home Depot. It is also a comparison of how well Home Depot is doing compared to its largest competitor, Lowes. After reading this report, I hope that customers and anyone who views this will have a better understand of the economic conditions that face Home Depot, and how they compare to Lowes during the recession. Description of Company and Industry
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Home Depot, Inc. Forecasting Project P a g e | 3 The Home Depot is one of the fastest growing home improvement stores in the United States. It is also one of the largest home improvement retailers in the world, with stores in all 50 states, China, Mexico, Puerto Rico, U.S. Virgin Islands, and 10 Canadian provinces. In these stores, The Home Depot sells many home improvement supplies. These supplies include building materials, lawn and garden, tools, plumbing, lighting, and many others. The Home Depot focuses on the do-it-yourself trend for customers, which follows with their slogan, “You can do it, we can help.” (The Home Depot, 2009) They also offer design centers to help customers design their projects for building, and renovation. In the current economy, The Home Depot has seen profits drop quite substantially in the
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Tim Gillespie Home Depot Forecasting Project - Home Depot...

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