Home Depot: Awards non salary employees Bonuses due to new tax rates

[iamwhatiseem]

....and more middle income windfall from lowering taxes.


Today, The Home Depot® announced plans to provide a new one-time cash bonus for U.S. hourly associates of up to $1,000 in the fourth quarter of fiscal 2017. The bonus will be paid in addition to the Company’s longstanding Success Sharing bonuses for hourly associates.

“We are pleased to be able to provide this additional reward to our associates for continuing to deliver outstanding customer service,” said Craig Menear, Chairman, CEO and President. “This incremental investment in our associates was made possible by the new tax reform bill.”

The Company also announced that it currently estimates that the impact of the Tax Cuts and Jobs Act of 2017 will result in additional net tax expense of approximately $150 million in the fourth quarter of fiscal 2017 primarily related to taxes on unremitted offshore earnings. This charge, coupled with the one-time bonus payment, is expected to negatively impact the Company’s previously provided fiscal 2017 diluted earnings-per-share guidance by approximately $0.19.

 

[busybee01]

People can say anything they want and that does not make it necessarily true. The falling unemployment rate is the culprit.

 

[Carl in Michigan]

Well, this is another slap in the face of libs and idiots(Nancy Pelosi), who said we'll be dying in the streets with tax cuts!

Stupid libs.

 

[sedwin]

....and more middle income windfall from lowering taxes.


Today, The Home Depot® announced plans to provide a new one-time cash bonus for U.S. hourly associates of up to $1,000 in the fourth quarter of fiscal 2017. The bonus will be paid in addition to the Company’s longstanding Success Sharing bonuses for hourly associates.

“We are pleased to be able to provide this additional reward to our associates for continuing to deliver outstanding customer service,” said Craig Menear, Chairman, CEO and President. “This incremental investment in our associates was made possible by the new tax reform bill.”

The Company also announced that it currently estimates that the impact of the Tax Cuts and Jobs Act of 2017 will result in additional net tax expense of approximately $150 million in the fourth quarter of fiscal 2017 primarily related to taxes on unremitted offshore earnings. This charge, coupled with the one-time bonus payment, is expected to negatively impact the Company’s previously provided fiscal 2017 diluted earnings-per-share guidance by approximately $0.19.

lmao! Home Depot said in the statement they will pay 20 year employees a one time bonus of $1,000 others less similar to Walmart. Walmart did this while also announcing they were closing 62 stores and laying off hundreds or perhaps thousands. I'm guessing that's the "similarity" they were talking about as Home Depot has been infamous for laying huge amounts of employees off to pad their profits for over a decade now. lmao

 

[iamwhatiseem]

....and more middle income windfall from lowering taxes.


Today, The Home Depot® announced plans to provide a new one-time cash bonus for U.S. hourly associates of up to $1,000 in the fourth quarter of fiscal 2017. The bonus will be paid in addition to the Company’s longstanding Success Sharing bonuses for hourly associates.

“We are pleased to be able to provide this additional reward to our associates for continuing to deliver outstanding customer service,” said Craig Menear, Chairman, CEO and President. “This incremental investment in our associates was made possible by the new tax reform bill.”

The Company also announced that it currently estimates that the impact of the Tax Cuts and Jobs Act of 2017 will result in additional net tax expense of approximately $150 million in the fourth quarter of fiscal 2017 primarily related to taxes on unremitted offshore earnings. This charge, coupled with the one-time bonus payment, is expected to negatively impact the Company’s previously provided fiscal 2017 diluted earnings-per-share guidance by approximately $0.19.

lmao! Home Depot said in the statement they will pay 20 year employees a one time bonus of $1,000 others less similar to Walmart. Walmart did this while also announcing they were closing 62 stores and laying off hundreds or perhaps thousands. I'm guessing that's the "similarity" they were talking about as Home Depot has been infamous for laying huge amounts of employees off to pad their profits for over a decade now. lmao

Blah Blah blah.... a company is giving bonuses by taking their tax windfall. Everything else is everything else.
They are not related.

 

[sedwin]

....and more middle income windfall from lowering taxes.


Today, The Home Depot® announced plans to provide a new one-time cash bonus for U.S. hourly associates of up to $1,000 in the fourth quarter of fiscal 2017. The bonus will be paid in addition to the Company’s longstanding Success Sharing bonuses for hourly associates.

“We are pleased to be able to provide this additional reward to our associates for continuing to deliver outstanding customer service,” said Craig Menear, Chairman, CEO and President. “This incremental investment in our associates was made possible by the new tax reform bill.”

The Company also announced that it currently estimates that the impact of the Tax Cuts and Jobs Act of 2017 will result in additional net tax expense of approximately $150 million in the fourth quarter of fiscal 2017 primarily related to taxes on unremitted offshore earnings. This charge, coupled with the one-time bonus payment, is expected to negatively impact the Company’s previously provided fiscal 2017 diluted earnings-per-share guidance by approximately $0.19.

lmao! Home Depot said in the statement they will pay 20 year employees a one time bonus of $1,000 others less similar to Walmart. Walmart did this while also announcing they were closing 62 stores and laying off hundreds or perhaps thousands. I'm guessing that's the "similarity" they were talking about as Home Depot has been infamous for laying huge amounts of employees off to pad their profits for over a decade now. lmao

Blah Blah blah.... a company is giving bonuses by taking their tax windfall. Everything else is everything else.
They are not related.

So funny! You: "Trump was right because some get a bonus. The ones who lose their jobs? That's not related because I'm a partisan hack and they don't count." lmao