Tuesday, November 13, 2007

Home Depot Sales Drop 3.5% for Quarter

Home Depot reports that its fiscal third quarter sales dipped 3.5% from the same period in 2006 to $18.9 billion.
The Atlanta-based home center giant reported that sales for the first three quarters of its fiscal year were down 3.1% from the same period last year to $59.7 billion.
We are facing a tough environment as housing indicators continue to deteriorate. Our financial performance in the third quarter reflects these tough conditions," said Frank Blake, chairman & CEO.

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