Home Depot sees lift from housing recovery, Sandy repairs
February 26, 2013,
Atlanta - Home Depot's fourth quarter sales climbed 13.9% to $18.2 billion during the fourth quarter, with U.S. comps up 7.1%.
"We ended the year with a strong performance as our business benefited from a continued recovery in the housing market coupled with sales related to repairs in the areas impacted by Hurricane Sandy," said Frank Blake , chairman and ceo.
Net earnings for the fourth quarter ended Feb. 3 jumped 29.2% to $1.0 billion, or 68 cents per share.
For the full fiscal year, sales were up 6.2% to $74.8 billion, and the comp for U.S. stores increased 4.9%.
Fiscal year EPS rose 21.5% to $3.00.
Related Content By Author
Live From New York: Fashion Comes Across the Pond
Home & Textiles Today eDaily
Most Viewed Articles
See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more...