The Home Depot today reported fourth-quarter and overall fiscal 2015 sales growth, crediting a recovering housing market among the reasons for the increases.
Sales were $21 billion for the fourth quarter of 2015, for a 9.5 percent increase from the fourth quarter of fiscal 2014. Net earnings for the quarter were $1.5 billion, compared with net earnings of $1.4 billion in the same period of fiscal 2014.
Home Depot’s sales for fiscal 2015 were $88.5 billion, an increase of 6.4 percent from fiscal 2014.
Comparable store sales for the fourth quarter were up 7.1 percent, and comparable sales for U.S. stores were positive 8.9 percent.
Total company comparable store sales for fiscal 2015 increased 5.6 percent, and same-store sales for U.S. stores grew 7.1 percent for the whole year.
“Our focus on improving the interconnected customer experience, along with solid execution and continued recovery in the U.S. housing market, resulted in record sales and net earnings for 2015,” Craig Menear, chairman, CEO and president, says. “I’d like to thank our associates for their hard work and dedication to our customers.”
At the end of the fourth quarter, Home Depot operated a total of 2,274 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.