Home Depot Increases Revenue 7.4 Percent in Third Quarter

Nov. 20, 2013

The Home Depot, the world’s largest home-improvement retailer, reported sales of $19.5 billion for the third quarter of fiscal 2013, a 7.4-percent increase compared to the third quarter of fiscal 2012. Comparable store sales for the third quarter of fiscal 2013 were up 7.4 percent, and comparable sales for stores in the United States were up 8.2 percent.

Net earnings for the third quarter were $1.4 billion, or $0.95 per diluted share, compared with net earnings of $947 million or $0.63 per diluted share in the same period in 2012.

“Our third-quarter results reflect the continuing improvement in the housing market and our solid operational performance,” said Frank Blake, chairman and CEO.

Based on its year-to-date performance and outlook for the remainder of the year, Home Depot raised its fiscal 2013 sales guidance and now expects sales to increase 5.6 percent for the full year, with comparable store sales jumping 7 percent.

At the end of the third quarter, Home Depot operated 2,260 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.

Home Depot Rentals is No. 4 on the RER 100.