The Home Depot's EPS grow 16.3% to $0.57 in Q1 2005
20 May '05
6 min read
By broadening its current assortment of merchandise as well as adding new innovative and distinctive merchandise, The Home Depot achieved a record average ticket of $58.25 for the first quarter of fiscal 2005, representing an increase of 5.7 percent compared to the prior year.
"Customers are responding to our expanded assortment of patio furniture and outdoor grills as well as our continued innovation of power tools as they introduced new products to the RIDGID and Ryobi One+ System power tool lines," said John Costello, executive vice president, Merchandising and Marketing.
"In addition, according to an independent third party, the company's appliance share, on a rolling 12-month basis, increased by 180 basis points in the first quarter. This is a result of the efforts made by our dedicated sales associates and our broadened assortment. The addition of the LG appliance line, expected during the second quarter, will continue to expand our selection."
As part of the company's enhance strategy, significant first quarter accomplishments included:
- Continued investment in store technology with auto replenishment in 1,890 stores, supporting nine percent of store sales
- Established a state-of-the-art data center in Austin, Texas
- Continued store modernization with resets across a variety of categories, including outdoor living, barbeque grills and faucets
Extending the Business
During the quarter, the company opoor living, barbeque grills and faucets
marketing@alchempro.com
