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In The News:

Home Depot 2010 Sales Up 2.8%

Home improvement retailer The Home Depot (NYSE: HD), Atlanta, GA, reported sales for the fiscal year ended Jan. 30, 2011, were $68 billion, up 2.8 percent over fiscal year 2009. Profit increased 25.4 percent to $3.3 billion.

Total company comparable store sales for the year increased 2.9 percent, and comps for U.S. stores were positive 2.5 percent for the year.

For the fourth quarter, sales were $15.1 billion, an increase of 3.8 percent over the same period a year ago. Profit was $587 million, compared to year-ago profit of $342 million.

Comparable store sales for the fourth quarter of fiscal 2010 were positive 3.9 percent, and comp sales for U.S. stores were positive 4.8 percent.

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