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The Home Depot (NYSE: HD), Atlanta, GA, reported full year sales for the fiscal year ended Feb. 2, 2014, of $78.8 billion, an increase of 5.4 percent from the previous year, with comparable store sales up 6.8 percent. Profit increased 18.7 percent to $5.4 billion for the year.
Fourth quarter sales were $17.7 billion, a decrease of 3 percent from the same period the previous year, with comparable store sales up 4.4 percent. Profit was $1 billion, same as the previous year.
"In 2013, we posted our strongest (comparable store) sales growth in 14 years as solid execution and the recovering housing market aided our performance," said Frank Blake, CEO of Home Depot.