Home Depot earnings up 12.5 percent
The Home Depot reported first quarter net earnings of $1.4 billion, or $1.00 per diluted share, compared with $1.2 billion, or 83 cents, in the same period of fiscal 2013.
Earnings were up 12.5 percent compared to the same period last year, and the earnings per diluted share gain represented a 20.5 percent increase.
Total sales for the quarter were $19.7 billion, a 2.9 percent increase from the first quarter of fiscal 2013. Comparable store sales for the first quarter of fiscal 2014 were positive 2.6 percent, and comp sales for the U.S. stores were positive 3.3 percent.
"The first quarter was impacted by a slow start to the spring selling season. But we had solid results in non-weather impacted markets and expect our sales for the year to grow in line with the guidance we previously provided," said Frank Blake, chairman and CEO.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
