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Home Depot Announces Third Quarter Results

According to a press release from The Home Depot, the company reported sales of $20.5 billion for the third quarter of fiscal 2014, a 5.4 percent increase from the third quarter of fiscal 2013. Comparable store sales for U.S. stores were positive 5.8 percent.

The press release also states that “net earnings for the third quarter were $1.5 billion, or $1.15 per diluted share, compared with net earnings of $1.4 billion, or $0.95 per diluted share, for the same period of fiscal 2013.

“During the quarter we saw strong performance across all geographies led by growth in transactions and continued strength in the core of the store,” says Craig Menear, CEO and president.

According to an article in The New York Times, despite the massive data breach the company announced in September, the retailer’s net earnings of $1.5 billion “beat analysts’ expectations by 2 cents a share.”

To read the press release, click here.

To read The New York Times article, click here.

About Renee Changnon

Renee Changnon is the retail outreach coordinator for NRHA. She meets with retailers in their stores and at industry events and introduces them to the services NRHA provides. Renee previously worked as a member of the NRHA communications team. She earned a degree in visual journalism from Illinois State University, where she served as the features editor for the school newspaper. After college, she implemented marketing and promotions initiatives at Jimmy John’s franchise locations across the country. She enjoys exploring books with her book club, Netflix marathons and hosting goat yoga at her apartment complex. Renee Changnon 317-275-9442 rchangnon@nrha.org

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