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Sales for fiscal 2009 were $66.2 billion, a decline of 7.2% from fiscal 2008. Total company comparable store sales for the year declined 6.6%, and comps for U.S. stores were negative 6.2% for the year. Profit increased 17.4% to $2.7 billion.
"Despite the tough economic environment, we were able to make solid progress against our key initiatives in 2009," CEO Frank Blake said. "For the year, we grew U.S. share by more than 100 basis points; we continued to restructure our distribution network, with our Rapid Deployment Centers now serving more than 65% of our U.S. store base; and we enhanced overall customer service as measured by third party surveys."
In the fourth quarter, sales performance was driven by gains in kitchen and bath, paint, flooring and plumbing as well as its international businesses.
At the end of the fourth quarter, The Home Depot operated a total of 2,244 retail stores, which included 1,976 The Home Depot stores in the United States (including the Commonwealth of Puerto Rico, the territory of the U.S. Virgin Islands and the territory of Guam), 179 stores in Canada, 79 stores in Mexico and 10 stores in China.
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