Home Depot's sales fall 0.3%
The Home Depot reported sales for the fourth quarter of fiscal 2009 of $14.6 billion, a 0.3 percent decrease from the fourth quarter of fiscal 2008.
Total company comparable store sales for the fourth quarter grew 1.2 percent. Comparable store sales for U.S. stores were negative 1.1 percent.
Fiscal 2009 fourth quarter consolidated net earnings were $342 million, or 20 cents per diluted share, compared with a net loss of $54 million, or a 3 cent loss per diluted share, for the same period in fiscal 2008. Consolidated net earnings include $41 million of earnings from discontinued operations arising from the company's working capital settlement agreement with HD Supply.
Sales for fiscal 2009 were $66.2 billion, a decline of 7.2 percent from fiscal 2008. Total company comparable store sales for the year declined 6.6 percent, and comps for U.S. stores were negative 6.2 percent for the year.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
