Home Depot increased its quarterly profit by 32%


Home Depot, the largest home improvement retailer in the United States, reported on its fiscal quarter, which ended February 3. During the earnings period, its net profit grew by 32% in annual terms and reached 2 billion 340 million dollars. Earnings per share rose to 2 dollars 9 cents, while economists had predicted a rise to 2 dollars 16 cents per share. Revenue in the amount of 26.5 billion dollars showed an annual increase of 10%. Growth in comparable sales was at the level of 3.2%, while sales in the United States grew by 3.7%. The company expects this year's slowdown in comparable sales growth to 5% from 5.2% last year.

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