Sales Slow At The Home Depot
The Home Depot says that in its fiscal second quarter, sales rose 1.7% to $20.6 billion, with same-store sales advancing 2.1%, lower than what some analysts had been expecting. Net earnings, however, rose 12.4% to $1.5 billion, and the company upped its earnings forecast for the full year.
"As expected, second-quarter sales reflected the pull forward of seasonal activity into the first quarter. But we saw continued demand for core products and delivered second-quarter earnings above our expectations," Frank Blake, its CEO, says in its release.