Home Depot has agreed to a nearly $2 million settlement over claims it overcharged customers at checkout in California stores. The case accused the retailer of "scanner violations"—charging higher prices at checkout than the advertised price. Home Depot did not admit wrongdoing but agreed to new measures, including always using the lowest posted price and hiring a price accuracy watchdog. According to a May proxy statement, Home Depot reported nearly $22 billion in operating profit for the 2023 fiscal year.
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00:00It's Benzinga, and here's what's on the block.
00:03Home Depot has agreed to a nearly $2 million settlement over claims it overcharged customers
00:07at checkout in California stores.
00:10The case accused the retailer of scanner violations charging higher prices at checkout than the
00:14advertised price.
00:16Home Depot did not admit wrongdoing, but agreed to new measures, including always using the
00:20lowest posted price and hiring a price accuracy watchdog.
00:24Home Depot reported nearly $22 billion in operating profit for the 2023 fiscal year,
00:29For all things money, visit Benzinga.com.