Home Depot sales climb 19.9 percent
Sales for The Home Depot in fiscal 2020 were $132.1 billion, an increase of 19.9 percent from $110.2 billion in fiscal 2019.
Comparable sales for fiscal 2020 increased 19.7 percent, and comparable sales in the U.S. increased 20.6 percent.
Net earnings for the year were $12.9 billion, or $11.94 per diluted share, compared with $11.2 billion, or $10.25 per diluted share in fiscal 2019.
Sales for the fourth quarter of fiscal 2020 were $32.3 billion, an increase of $6.5 billion, or 25.1 percent from the fourth quarter of fiscal 2019. Comparable sales for the fourth quarter of fiscal 2020 increased 24.5 percent, and comparable sales in the U.S. increased 25.0 percent.
Net earnings for the quarter were $2.9 billion, or $2.65 per diluted share, compared with $2.5 billion, or $2.28 per diluted share, in the same period of fiscal 2019. Net earnings for the fourth quarter and the fiscal year were negatively impacted by non-recurring, pre-tax expenses related to the completion of the acquisition of HD Supply Holdings Inc. on Dec. 24, 2020, which totaled approximately $110 million, or 9 cents per diluted share.
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.
