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An improving economy and recovering housing market helped The Home Depot grow sales in 2014.
Today, Home Depot reported 2014 fourth-quarter sales of $19.2 billion, which equates to an 8.3 percent increase from the fourth quarter of fiscal 2013. Comparable store sales in the U.S. were up 8.9 percent.
The company also had sales totaling $83.2 billion for all of fiscal year 2014, which was an increase of 5.5 percent from fiscal 2013.
“We had a strong finish to the year, as strength across the store, the recovering U.S. housing market and solid execution aided our business in 2014,” Craig Menear, chairman, CEO and president, says.
For fiscal 2015, the company forecasts overall sales growth of approximately 3.5 to 4.7 percent and comparable store sales growth of approximately 3.3 to 4.5 percent. The company also plans to open six new stores.
For more information, click here to read a Home Depot press release about the fourth-quarter results.
