Home Depot Supply First-Half Sales Hit $5.4B
Home Depot Supply reported 325-percent sales growth in the second quarter compared to the same period last year, thanks to its rapidly expanding base of newly acquired wholesale businesses. Sales at HD Supply were $3.38 billion for the quarter or 13 percent of Home Depot's overall $26 billion in sales for the second quarter of fiscal 2006.
The Home Depot Supply reported $2.1 billion in first quarter 2006 sales, putting its year-to-date sales at about $5.4 billion.
HD Supply's year-over-year organic growth was 12 percent. HD Supply chief Joe DeAngelo said in HD's second-quarter earnings call with investors that his division is focused on becoming an "organic growth machine." "If you don't have a great organic ...