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Home Depot Earnings Surge
By Bill Esler | Posted: 11/15/2011 11:15AM
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ATLANTA - The Home Depot reported a $100 million increase in net earnings, which rose 12 percent to $934 million for the third quarter.
The world's largest home improvement retailer said sales for the third quarter totaled $17.3 billion, up 4.4 percent from the third quarter 2010.
Storm-related sales drove the improvement, says Frank Blake, CEO. The Home Depot projects 2011 sales will be up 2.5 percent from fiscal 2010. The Home Depot employs 300,000 at a total of 2,246 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces, Mexico and China.
About the Author
Bill Esler
Bill Esler, Associate Publisher/ Editor in Chief, Woodworking Network Bill is responsible for editing Custom Woodworking Business and coordinating all content for Wood & Wood Products , CLOSETS , Woodworkingnetwork.com and Closetsdaily.com, along with related newsletters. Bill’s expertise includes using innovative print manufacturing techniques to grow audience engagement, using textured offset, digital printing, purls, QR codes; and lead-generating webcasts, custom websites, and custom digital and print content. Read Bill Esler's woodworking blogs. He can be reached at besler@woodworkingnetwork.com.|
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