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Home Depot Reports Third-Quarter Growth

Home Depot today reported sales of $19.5 billion for the third quarter, a 7.4 percent increase from the third quarter last year. Comparable-store sales for the quarter of were up 7.4 percent and comp sales for U.S. stores were up 8.2 percent.

“Our third-quarter results reflect the continuing improvement in the housing market and our solid operational performance,” Home Depot Chairman and CEO said.

Net earnings for the third quarter were $1.4 billion compared with net earnings of $947 million in the same period last year.

Based on year-to-date performance and outlook for the remainder of the year, Home Depot raised its fiscal 2013 sales guidance 5.6 percent, while comparable-store sales are expected to be up approximately 7.0 percent for the year.

At the end of the third quarter, the Company operated 2,260 retail stores in the U.S., Canada and Mexico.

To read the full press release click here.

About Amanda Bell

Amanda Bell was an assistant editor of Hardware Retailing and NRHA. Amanda regularly visited with home improvement retailers across the country and attended industry events and seminars. She earned a degree in magazine journalism from Ball State University and has received honors for her work for Hardware Retailing from the Association of Marketing and Communication Professionals.

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