Home Depot Reports Record Second Quarter Earnings
Leading home improvement retailer Home Depot reported net earnings of $838 million or $0.36 per diluted share, for the second quarter of 2000. That figure is up 23 percent from net earnings of $679 million in the second quarter of 1999.
Sales totaled $12.62 billion, an increase of 21 percent from the same period of 1999.
The company opened 41 new stores and relocated two stores during this quarter, and now operates a total of 1,011 stores with an aggregate of approximately 109 million sq. ft. of selling space.