Please ensure Javascript is enabled for purposes of website accessibility

Home Depot Adjusts Hours, Extends Paid Time Off Due to Coronavirus

By Daniel B. Kline - Mar 19, 2020 at 9:41AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company wants to take care of both workers and customers.

Home Depot (HD 2.75%) sells a number of things that are essential to people during the coronavirus pandemic.

"Homeowners and businesses depend on The Home Depot for urgent needs such as hot water heaters, refrigerators, cleaning supplies, electrical and plumbing repairs, and harsh weather items like tarps, propane, and batteries," the company wrote in a press release Wednesday.

Like many retailers, Home Depot has amended its operating hours and sick-leave policies in light of current events, in an effort to ensure the health and safety of its workers and customers.

An aisle in a Home Depot.

Home Depot has adjusted its operating hours. Image source: Home Depot.

What is Home Depot doing?

In order to keep its shelves stocked, Home Depot will close at 6 p.m. beginning on March 19. The hours when stores open will not change.

"The adjusted hours will give stores the ability to staff appropriately and provide additional time to restock shelves and perform cleaning," the company wrote.

Home Depot has also given employees additional paid time off. This is designed to make sure sick workers stay home. The additional paid sick time -- 80 hours for hourly full-time associates and 40 hours for part-time hourly associates -- can be taken anytime from now through the end of the year.

These are smart moves

Home Depot has made the right moves to protect its customers and employees. That's the right thing to do in the short term and will build long-term trust with workers and consumers.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

The Home Depot, Inc. Stock Quote
The Home Depot, Inc.
$283.00 (2.75%) $7.58

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 06/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.