Home Depot Earnings, Sales Edge Down in Q4
Atlanta, GA, Feb. 25, 2014 -- Home Depot Inc. said that fourth-quarter net income fell 0.8% to $1.01 billion, or $0.73 a share, from $1.02 billion, or $0.68 a share, a year earlier
The home improvement chain's sales fell 3% to $17.70 billion.
Comparable store sales for the quarter increased 4.4%.
"In 2013, we posted our strongest comp sales growth in 14 years as solid execution and the recovering housing market aided our performance," said Frank Blake.
For the year, sales rose 5.4% to $78.8 billion.