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The Home Depot today reported sales increases in the third quarter and expectations of overall sales growth for fiscal year 2015.
The quarter’s $21.8 billion in sales represented a 6.4 percent rise compared to the same period in 2014. In addition, comparable store sales in the U.S. climbed 7.3 percent above 2014’s third quarter.
For the full fiscal year, Home Depot projected a sales increase of 5.7 percent.
“During the quarter, we saw broad-based growth across our geographies and product categories, led by growth in transactions from both our DIY and pro customers,” says Craig Menear, chairman, CEO and president of the company.
Home Depot is still dealing with costs, including legal fees, related to a data breach in 2014 that resulted in payment card information being stolen from customers. Those expenses totaled $20 million in the third quarter.
At the end of the third quarter, the Atlanta-based company operated 2,273 retail stores in the U.S., Puerto Rico, the U.S. Virgin Islands, Guam, Canada and Mexico.
To read about the Home Depot’s previous quarter, click here.
