Home Depot Forced to Address Rumors Company Will Start Charging to Park Your Car
Home Depot lovers, rejoice!
The popular home improvement retailer has finally put the rumors to rest about whether or not customers will have to start paying for parking.
The rumors began after a site called Pro Tool Reviews claimed that Home Depot would be charging a parking lot fee to combat inflation. Turns out, the article was nothing more than an April Fool's joke.
🛒🛒🛍️
"This was an April Fool's joke that Pro Tool Reviews posted without our knowledge," a rep for Home Depot told Today on April 4. "We do not charge parking lot fees and don't plan to."
It's not entirely surprising that customers fell for the ruse. After all, Pro Tool Reviews detailed an entire payment plan.
'The parking fee structure will reportedly vary by location, ranging from $2 for up to two hours in central Florida to $5 for a full day of parking in Los Angeles,' the article detailed.
'There are several ways to avoid paying for parking. For example, shoppers who spend over $250 in a single visit will receive an in-store credit for parking,' the article continued. 'Also, those enrolled in The Home Depot Pro Xtra loyalty program will enjoy free parking if they spend more than $1,000 in the calendar year.'
Pro Tool Reviews even went so far as to release a fake statement from Home Depot regarding the changes.
'Inflation has hit us hard, from supply chain costs to labor shortages,' the false press release read. 'By implementing a modest parking fee, we can avoid passing these costs directly onto our customers through higher prices on lumber, tools, and gardening supplies.'
Considering Home Depot has 2,347 across the U.S., Canada, and Mexico, it's safe to say consumers will rest easy knowing they don't have to pay to park.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
19 hours ago
- Yahoo
Home Office plans to spend £2.2bn of foreign aid on asylum support this year
The Home Office plans to spend about £2.2 billion of foreign aid to support asylum seekers this financial year, according to new figures. The amount of overseas development assistance (ODA) budgeted by the Home Office – which is largely used to cover accommodation costs such as hotels for asylum seekers – is slightly less than the £2.3 billion it spent in 2024/25. International rules allow countries to count first-year costs of supporting refugees as overseas development assistance (ODA). The figures, first reported by the BBC, were published in recent days on the Home Office website. The Home Office said it is 'urgently taking action to restore order and reduce costs' which will cut the amount spent to support asylum seekers and refugees in the UK. It also said it was expected to have saved £500 million in asylum support costs in the last financial year, and that this had saved £200 million in ODA which had been passed back to the Treasury. A total of 32,345 asylum seekers were being housed temporarily in UK hotels at the end of March this year. This figure is down 15% from the end of December, when the total was 38,079, and 6% lower than the 34,530 at the same point a year earlier. Asylum seekers and their families are housed in temporary accommodation if they are waiting for the outcome of a claim or an appeal and have been assessed as not being able to support themselves independently. They are housed in hotels if there is not enough space in accommodation provided by local authorities or other organisations. Labour has previously said it is 'committed to end the use of asylum hotels over time', adding that under the previous Conservative government at one stage 'more than 400 hotels were in use and almost £9 million per day was being spent'. Jo White, chairwoman of the Red Wall group of Labour MPs, told BBC Radio 4's Today programme on Saturday: 'We need to be looking at things like ECHR article eight. I don't think anything's off the table … including looking at new options such as processing abroad. 'So, we have to be open to see how we can move move that backlog as quickly as possible. I'm getting impatient. 'I know my colleagues in parliament are getting impatient and we're pressing the Government as hard as we can on this.' A Home Office spokesperson said: 'We inherited an asylum system under exceptional pressure and are urgently taking action to restore order and reduce costs. 'This will ultimately reduce the amount of official development assistance spent to support asylum seekers and refugees in the UK. 'We are immediately speeding up decisions and increasing returns so that we can end the use of hotels and save the taxpayer £4 billion by 2026. 'The Rwanda scheme also wasted £700 million to remove just four volunteers – instead, we have surged removals to nearly 30,000 since the election, are giving law enforcement new counter-terror style powers, and increasing intelligence sharing through our Border Security Command to tackle the heart of the issue, vile people-smuggling gangs.'
Yahoo
2 days ago
- Yahoo
The Home Depot, Inc. (HD) is Attracting Investor Attention: Here is What You Should Know
Home Depot (HD) is one of the stocks most watched by visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Shares of this home-improvement retailer have returned +1.2% over the past month versus the Zacks S&P 500 composite's +5.3% change. The Zacks Retail - Home Furnishings industry, to which Home Depot belongs, has gained 2.2% over this period. Now the key question is: Where could the stock be headed in the near term? While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock. Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. Home Depot is expected to post earnings of $4.71 per share for the current quarter, representing a year-over-year change of +0.9%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.4%. For the current fiscal year, the consensus earnings estimate of $15.04 points to a change of -1.3% from the prior year. Over the last 30 days, this estimate has changed +0.1%. For the next fiscal year, the consensus earnings estimate of $16.41 indicates a change of +9.2% from what Home Depot is expected to report a year ago. Over the past month, the estimate has changed -0.7%. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Home Depot. The chart below shows the evolution of the company's forward 12-month consensus EPS estimate: Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial. In the case of Home Depot, the consensus sales estimate of $45.51 billion for the current quarter points to a year-over-year change of +5.4%. The $164.45 billion and $171.66 billion estimates for the current and next fiscal years indicate changes of +3.1% and +4.4%, respectively. Home Depot reported revenues of $39.86 billion in the last reported quarter, representing a year-over-year change of +9.4%. EPS of $3.56 for the same period compares with $3.63 a year ago. Compared to the Zacks Consensus Estimate of $39.4 billion, the reported revenues represent a surprise of +1.15%. The EPS surprise was -0.84%. Over the last four quarters, Home Depot surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period. Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects. Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is. The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued. Home Depot is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade. The facts discussed here and much other information on might help determine whether or not it's worthwhile paying attention to the market buzz about Home Depot. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Home Depot, Inc. (HD) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
2 days ago
- Yahoo
Was Jim Cramer Right About Builders FirstSource, Inc. (BLDR)?
We recently published a list of In this article, we are going to take a look at where Builders FirstSource, Inc. (NYSE:BLDR) stands against other stocks that Jim Cramer discusses. In an older call, a viewer asked about buying the dip in Builders FirstSource, Inc. (NYSE:BLDR), especially after the stock approached a key technical level. Cramer expressed concern about broader housing sector weakness, citing negative commentary from Home Depot and Lowe's at the time. He replied: 'You know how much I like this company but I've got to tell you both commentary from Home Depot and Lowe's was not instructive… not constructive… and it makes me concerned that there is still another leg to fall here. Let's do this… 162… if it goes to 150, then let's do something, but we've got to wait.' Craner's call to wait proved smart, as the stock fell -27.56%. Builders FirstSource Inc. (NYSE:BLDR) is a leading supplier and manufacturer of building materials, trusses, and prefabricated components to professional contractors in the residential construction industry. On May 20, Cramer admitted he's intrigued by the stock and gave his own analysis on it: 'Hey, by the way, while we're talking about building materials, can we not forget about Builders FirstSource, which is a major consolidator in what used to be a highly fragmented industry? This stock's been a huge long-term performer, but it's peaked early last year, and the stock has been tumbling ever since because it's tied not too directly to a not-so-hot housing market, and that's because of interest rates. Unlike the rest of the market, Builders FirstSource didn't recover much in April. Then, when the company reported on May 1st, the stock went lower still because management lowered their full-year forecast. A crane lifting a truss during the construction of a new building. Now I always tell you that executives sell their stock for all sorts of reasons… but they only buy their own stock in the open market for one reason: because they think it's going to go higher. So that's certainly an encouraging thing to see from Mr. Levy at Builders FirstSource. Consider me intrigued.' Overall, BLDR ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of BLDR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
