The Home Depot (NYSE: HD), Atlanta, GA, reported sales for the fiscal second quarter ended July 29, 2012, of $20.6 billion, a 1.7 percent increase over the same period a year ago. Profit increased 12.4 percent to $1.5 billion.
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For the first six months, sales were $38.4 billion, 3.6 percent higher than the comparable period the prior year. Profit jumped 18 percent to $2.6 billion.
"As expected, second-quarter sales reflected the pull forward of seasonal activity into the first quarter. But we saw continued demand for core products and delivered second-quarter earnings above our expectations," said Frank Blake, chairman & CEO.