The Home Depot, Atlanta, GA, a home improvement retailer, reported sales for the third quarter ended Nov. 2, 2008, totaled $17.8 billion, a 6.2% decrease from the third quarter of fiscal 2007. Profit was $756 million, a decline of 31% from the same period a year ago.
The reduction in sales reflected negative comparable store sales of 8.3%, which was partially offset by new store sales.
The housing and home improvement markets remain challenging. Across our entire business, we are making the adjustments necessary to respond to a tough market environment,” said Frank Blake, CEO.
For the first nine months of the fiscal year, sales dropped 5% from the prior year to $56.7 billion. Profit was $2.3 billion, down …
Home Depot Sales Drop 6% for 3Q
The Home Depot, Atlanta, GA, a home improvement retailer, reported sales for the third quarter ended Nov. 2, 2008, totaled $17.8 billion, a 6.2% decrease from the third quarter of fiscal 2007. Profit was $756 million, a decline of 31% from the same period a year ago.
The reduction in sales reflected negative comparable store sales of 8.3%, which was partially offset by new store sales.
The housing and home improvement markets remain challenging. Across our entire business, we are making the adjustments necessary to respond to a tough market environment,” said Frank Blake, CEO.
For the first nine months of the fiscal year, sales dropped 5% from the prior year to $56.7 billion. Profit was $2.3 billion, down …
Share this article
About the Author
Recommended Reading
Leave a Reply
Log In
Read the latest articles and see your reports.
Popular Now
MDM Directories
Sign Up for the MDM Update Newsletter
The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.
