Home Depot Bests Expectations
Home & Textiles Today Staff -- Home Textiles Today, March 26, 2012
ATLANTA - The Home Depot beat Wall Street estimates with fourth quarter earnings of $774 million, or 50 cents per share, up 32% from year-ago earnings of $587 million, or 36 cents per share.
Sales for the quarter ended Jan. 29 rose 5.9% to $16.0 billion. Comps climbed 5.7%. Same-store sales for the U.S. were up 6.1%.
For the full fiscal year, EPS rose 22.9% to $2.47. Sales increased 3.5% to $70.4 billion. Comps were up 3.4%, with U.S. comps rising 3.0%.