Home Depot Inc Exec Says Committed To Further Reduce Costs By Approx $500M To Be Fully Realized In Fiscal 2024
Portfolio Pulse from Benzinga Newsdesk
Home Depot Inc announced during its Investor Day that it is committed to reducing costs by approximately $500 million, with the full impact to be realized in fiscal 2024.
June 13, 2023 | 3:23 pm
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Home Depot Inc (HD) is committed to reducing costs by $500 million, with the full impact to be realized in fiscal 2024.
The announcement of Home Depot's commitment to reduce costs by $500 million is a positive signal for investors, as it demonstrates the company's focus on improving its financial performance. This cost reduction plan is expected to have a positive impact on the company's stock price in the short term, as it indicates a potential increase in profitability and efficiency.
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