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ATLANTA (AP) — 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.
READ MORE: Three Endangered Florida Panthers Struck, Killed This Past WeekThe home improvement retailer follows others doing the same, including Disney, Starbucks and Walmart.
READ MORE: White House Moves To Loosen Remittance, Flight Rules On CubaHome 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.
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