Home Depot announces raising employee compensation causes shares drop

[Chew Toy McCoy]

Home Depot earnings beat predictions, shares drop as employee costs rise by $1B

Home Depot shares dropped sharply after the Atlanta-based retailer said expenses would rise by nearly $1 billion due to rising employee compensation costs.

www.foxbusiness.com

 

[lizkat]

One lousy billion? A pox on the shortsighted hedge fund managers and other myopic "investors" who can't see past this quarter's profit margin expectations. They never had perspective but now they lack even a sense of proportion.

How billionaires saw their net worth increase by half a trillion dollars during the pandemic

40 million Americans filed for unemployment during the pandemic, but billionaires saw their net worth increase by half a trillion dollars.

www.businessinsider.com

 

[Eric]

Home Depot is one of the biggest offenders when it comes to lack of mask enforcement. Maybe if they spent more time helping to prevent the spread they wouldn't have to worry about losses due to increased cases.

 

[Huntn]

It can be argued that employee well being makes for a better business model, but shareholders only care about short term profits.

 

[iMi]

Home Depot is not the easiest to work with as a vendor. They have been thought to bully you and act tough. It’s totally lame. On the other hand, they are willing to pay for good quality merchandise and don’t just chase the lowest cost. I prefer working with and shopping at Lowe’s which will soon be the same as quite a few executives are now coming from Depot.