Tags: home depot | bonuses | tax | overhaul

Home Depot Bonuses a Perk of Tax Overhaul

Image: Home Depot Bonuses a Perk of Tax Overhaul

Thursday, 25 Jan 2018 03:21 PM

Home Depot bonuses worth as much as $1,000 will be handed out to the company's hourly workers in the U.S. as a one-time perk from the company, which cited the recent tax overhaul.

The home improvement retailer follows others doing the same, including Disney, Starbucks and Walmart.

Home Depot Inc. said Thursday that the one-time bonus will be distributed in the current quarter. Existing bonuses will be paid out as well.

The Atlanta company anticipates an approximately $150 million fourth-quarter charge mostly tied to taxes on unremitted offshore earnings. It expects the charge, plus the one-time bonus, to trim its fiscal 2017 earnings outlook by about 19 cents per share.

© Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
Home Depot is paying out one-time bonuses of up to $1,000 in cash to its hourly workers in the U.S., citing the recent tax overhaul.
home depot, bonuses, tax, overhaul
Thursday, 25 Jan 2018 03:21 PM
Newsmax Inc.

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

America's News Page
© Newsmax Media, Inc.
All Rights Reserved