ATLANTA – Due to a rebounding spring business, The Home Depot reported sales of $23.8 billion for the second quarter of fiscal 2014, a 5.7 percent increase from the second quarter of fiscal 2013.
Net earnings for the second quarter were $2.1 billion, or $1.52 per diluted share, compared with net earnings of $1.8 billion, or $1.24 per diluted share, in the same period of fiscal 2013.
After the strong second quarter results, corporate officials expect 2014 sales will be up approximately 4.8 percent from fiscal 2013. Additionally, company officials expect diluted earnings per share to be up approximately 20.2 percent to $4.52 for the year.
At the end of the second quarter, The Home Depot operated a total of 2,264 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico. The company employs more than 300,000 associates. The Home Depot's stock is traded on the New York Stock Exchange (NYSE: HD).
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