New York, NY, July 7, 2006--Home Depot Chairman and CEO said on the company may return to reporting same-store sales, just weeks after it announced it would stop the quarterly reports.
In an interview with CNBC on Thursday, Nardelli responded to a question about why the company had decided to stop reporting same-store sales by saying it "very well may go to reporting same-store sales."
Nardelli said the company would make any announcement about reinstating same-store sales reports in its quarterly financial report.
In May, Home Depot announced it would stop reporting same-store sales on a quarterly basis. Most retailers make monthly same-store sales reports and investors, who expect sales to slow as a result of slower overall consumer spending, punished the company's share price after the announcement.
Analysts said at the time that the lack of visibility into Home Depot's earnings was a blow to its image.
The company is under investigation by the U.S. Securities and Exchange Commission as part of a broader investigation into possible manipulation of options grants at many companies.
