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Home Depot Q2 earnings and employee raises

https://corporate.homedepot.com/newsroom/home-depot-announces-second-quarter-2022-results Net earnings = $5.2 billion. That's NET. AFTER costs are accounted for. Shareholders gained $5 in value on their stocks. According to the press release, there are 500,000 employees across 2,316 stores. A $5 raise across the board = $2,500,000 That's 0.05% of quarterly net earnings. Not 5%. No half a percent. Anecdotally, employees received an across the board raise between $0.50 and $2.00 in August 2022. Assuming the average raise was $1, they received 0.01% of quarterly net earnings. Holy cripes.


https://corporate.homedepot.com/newsroom/home-depot-announces-second-quarter-2022-results

Net earnings = $5.2 billion. That's NET. AFTER costs are accounted for.

Shareholders gained $5 in value on their stocks.

According to the press release, there are 500,000 employees across 2,316 stores. A $5 raise across the board = $2,500,000

That's 0.05% of quarterly net earnings. Not 5%. No half a percent.

Anecdotally, employees received an across the board raise between $0.50 and $2.00 in August 2022. Assuming the average raise was $1, they received 0.01% of quarterly net earnings.

Holy cripes.

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