The 2020 Mid-Year Economic Update_long

Home Depot Sales Increase 5.5% in 2014

Fourth quarter sales increase 8.3 percent.

The Home Depot (NYSE: HD), Atlanta, GA, reported sales for 2014 of $83.2 billion, an increase of 5.5 percent from the previous year, with comparable store sales up 5.3 percent. Profit increased 17.8 percent to $6.3 billion for the year.

Fourth quarter sales were $19.2 billion, an increase of 8.3 percent from the same period the previous year, with comparable store sales up 7.9 percent. Profit increased 36.1 percent to $1.4 billion.

"We had a strong finish to the year, as strength across the store, the recovering U.S. housing market and solid execution aided our business in 2014," said Craig Menear, president and CEO.

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