The Home Depot, Atlanta, GA, a home improvement retailer, reported sales for the third quarter ended Nov. 2, 2008, totaled $17.8 billion, a 6.2% decrease from the third quarter of fiscal 2007. Profit was $756 million, a decline of 31% from the same period a year ago.
The reduction in sales reflected negative comparable store sales of 8.3%, which was partially offset by new store sales.
The housing and home improvement markets remain challenging. Across our entire business, we are making the adjustments necessary to respond to a tough market environment,” said Frank Blake, CEO.
For the first nine months of the fiscal year, sales dropped 5% from the prior year to $56.7 billion. Profit was $2.3 billion, down 37.9%.
Home Depot Sales Drop 6% for 3Q
The Home Depot, Atlanta, GA, a home improvement retailer, reported sales for the third quarter ended Nov. 2, 2008, totaled $17.8 billion, a 6.2% decrease from the third quarter of fiscal 2007. Profit was $756 million, a decline of 31% from the same period a year ago.
The reduction in sales reflected negative comparable store sales of 8.3%, which was partially offset by new store sales.
The housing and home improvement markets remain challenging. Across our entire business, we are making the adjustments necessary to respond to a tough market environment," said Frank Blake, CEO.
For the first nine months of the fiscal year, sales dropped 5% from the prior year to $56.7 billion. Profit was $2.3 billion, down ...
The reduction in sales reflected negative comparable store sales of 8.3%, which was partially offset by new store sales.
The housing and home improvement markets remain challenging. Across our entire business, we are making the adjustments necessary to respond to a tough market environment," said Frank Blake, CEO.
For the first nine months of the fiscal year, sales dropped 5% from the prior year to $56.7 billion. Profit was $2.3 billion, down ...
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