The 2020 Mid-Year Economic Update_long

The Home Depot Sales Up 6.2% in 2012

Fourth-quarter sales increased of 13.9 percent

The Home Depot (NYSE: HD), Altanta, GA, reported sales for the year ended Feb. 3, 2013, were $74.8 billion, an increase of 6.2 percent from 2011. Profit jumped 16.8 percent to $4.5 billion.

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Fourth-quarter sales were $18.2 billion, an increase of 13.9 percent. Profit increased 31.9 percent to $1 billion.

"We ended the year with a strong performance as our business benefited from a continued recovery in the housing market coupled with sales related to repairs in the areas impacted by Hurricane Sandy," said Frank Blake, chairman & CEO.

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