Hardware Retailing The Industry's Source for Insights and Information
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.
