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When Did Home Depot Revenue Return to 2007 Levels?

David Rosenthal says Home Depot revenue started falling in 2007, bottomed in 2010, and did not get back to 2007 levels until 2014.

The housing bubble burst in 2006. The great financial crisis came in 2008, after a leadership transition in January 2007. Spending on home improvement supplies fell off a cliff from 2006 into 2007, and the halt in building new homes for unqualified buyers took 18 to 24 months to work through the financial system. Over a seven-year span, net income followed the same path, with Home Depot below its previous high watermark on revenue and profits.

The board had no bench it knew well enough to run the company, and most other executives were Nardelli people, so removing Bob Nardelli looked like replacing him with more people like Bob Nardelli. His tactics did not fit Home Depot's culture or mission, but a housing boom had been at the company's back for decades, and growth was hard once that boom ended.

Grokipedia·Home Depot

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The Home Depot ·

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  12. How Did Home Depot Go Public in 1981?David Rosenthal says Home Depot went public in 1981 because four Atlanta stores did not have the cash to take the Florida leases in front of them.
  13. How Did Home Depot Get Suppliers With No Sales Proof?Ben Gilbert and David Rosenthal say Home Depot convinced manufacturers to supply a company that still had no proof it could sell in volume.
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  17. Why Didn't Jamie Dimon Run Home Depot?David Rosenthal says Jamie Dimon did not run Home Depot because a long courtship never became a hire.
  18. What Happened to Home Depot Customer Satisfaction?David Rosenthal says customer satisfaction among Home Depot shoppers falls to the lowest level of any major U.S.
  19. Why Did Home Depot Stock Stay Flat Under Nardelli?David Rosenthal says Home Depot's stock stayed flat under Nardelli even though revenue and profits doubled, because the gains came mostly from doubling the…
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  22. What Was Home Depot's Largest Acquisition?David Rosenthal says Home Depot's largest acquisition was SRS in 2024, an $18.25 billion deal and the biggest in company history.
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