Haven't updated this thread in awhile. I verified yesterday that so far no HD store has been closed for the virus. It wouldn't be legal to share corporate numbers if I knew them (of course I don't). For those who are long, the following info is public with a little research. Stores are running shortened hours. On average they are open 3 HRs less per day, and the employees don't go home when we close early.. That may change as new schedules are made but so far no. Employee costs will definitely be up the next quarter or two. Every hourly employee got a $50-$100 weekly raise, and one to two extra weeks of additional sick leave which will be paid out in cash if you don't use it. (double leave for employees over age 65 which isn't many). That's a chunk of money.
I am going to guess they will trim forward earnings estimates, but get through this as well as a recessionary economy will allow. In normal times HD busy season starts now.
I am going to guess they will trim forward earnings estimates, but get through this as well as a recessionary economy will allow. In normal times HD busy season starts now.