What is Home Depot‘s advertising expenditure?

Home Depot, one of the largest home improvement retail chains in the U.S., invests billions of dollars annually in advertising and promotions. In 2020 alone, the company spent $1.09 billion on advertising. This significant investment is a key factor in the company‘s continued success and its status as a household name in the home improvement industry. Additionally, Home Depot‘s advertising efforts extend beyond the U.S., with a strong presence in Canada and Mexico. This global approach to advertising is a major reason why the company allocates such a substantial budget to marketing each year.