The Home Depot, the world's largest home improvement retailer, has reported record results for the fourth quarter and fiscal year 2005 based on strong performance in its core retail stores, its services business, Home Depot Direct and the continued expansion of the Home Depot Supply platform.
For the fourth quarter of fiscal 2005, the company's diluted earnings per share rose 27.7 percent to a record $0.60 on net earnings of $1.3 billion, compared with $0.47 on net earnings of $1.0 billion reported for the same period in fiscal 2004.
Sales for the fourth quarter of fiscal 2005 totaled $19.5 billion, a 15.9 percent increase from the fourth quarter of fiscal 2004. Same-store sales for the fourth quarter of fiscal 2005 increased 5.5 percent.
For fiscal 2005, diluted earnings per share increased 20.4 percent to $2.72 on net earnings of $5.8 billion, compared to diluted earnings per share of $2.26 on net earnings of $5.0 billion in fiscal 2004. Sales for fiscal 2005 increased to $81.5 billion, an 11.5 percent increase over fiscal 2004, and comparable store sales for the year grew 3.8 percent.
Bob Nardelli, Chairman, President & CEO, said, "Our performance in 2005 reflects the hard work and dedication of our 345,000 associates, and I want to personally thank them for another year of record results. We are grateful to our loyal customers and suppliers who continue to make us the No. 1 home improvement retailer in the world."
"In 2006, we will capitalize on our strong momentum and continue to deliver sustainable, predictable and profitable growth.”
marketing@alchempro.com
