A record year in the books for Home Depot
In a fourth quarter that benefitted from an extra week on the calendar, Atlanta-based The Home Depot reported sales of $26.5 billion, up 10.9% from the same quarter last year.
Comp-store sales for the quarter – not counting the extra week – were up 3.7% in the U.S., and up 3.2% overall. The company’s net earnings for the quarter were $2.3 billion, up from $1.8 billion in the year-ago quarter.
Read the full press release here.
For the 53-week year, the company reported sales of $108.2 billion, up 7.2% from fiscal 2017. Comp-stores sales were up 5.4% in the U.S., and up 5.2% for the total company.
"We achieved record sales and net earnings in fiscal 2018, while making great progress on the strategic investments we laid out in December of 2017,” said CEO Craig Menear. “We focused on enhancing the interconnected retail experience for our customers, providing localized and innovative product, and delivering best in class productivity.”
Net earnings for the year were $11.1 billion, up from $8.6 billion in 2017.
Other metrics released Tuesday morning:
• Q4 customer transactions: 394.8 million, up 7.7%;
• Q4 average ticket: $65.59, up 2.5%; and
• Q4 sales per square foot: $414.17, up 4.9%.
Looking ahead to fiscal 2019, the retail giant anticipates sales growth of about 3.3%, and 5 net new stores.
Comp-store sales for the quarter – not counting the extra week – were up 3.7% in the U.S., and up 3.2% overall. The company’s net earnings for the quarter were $2.3 billion, up from $1.8 billion in the year-ago quarter.
Read the full press release here.
For the 53-week year, the company reported sales of $108.2 billion, up 7.2% from fiscal 2017. Comp-stores sales were up 5.4% in the U.S., and up 5.2% for the total company.
"We achieved record sales and net earnings in fiscal 2018, while making great progress on the strategic investments we laid out in December of 2017,” said CEO Craig Menear. “We focused on enhancing the interconnected retail experience for our customers, providing localized and innovative product, and delivering best in class productivity.”
Net earnings for the year were $11.1 billion, up from $8.6 billion in 2017.
Other metrics released Tuesday morning:
• Q4 customer transactions: 394.8 million, up 7.7%;
• Q4 average ticket: $65.59, up 2.5%; and
• Q4 sales per square foot: $414.17, up 4.9%.
Looking ahead to fiscal 2019, the retail giant anticipates sales growth of about 3.3%, and 5 net new stores.