Tuesday, August 14, 2007

Home Depot Reports Second Quarter Sales Dip

Home Depot reported second quarter sales of $22.2 billion, down 1.8% from the same period of the previous fiscal year. Subtracting sales from new stores, that works out to about a 5.2% drop, store to store.
Earnings for the Atlanta-based home center giant dipped 15.7% in the quarter to $1.6 billion. The chain is still in talks with investors over the proposed sale of HD Supply, its wholesale distribution business.

No comments: