Sales Slow At The Home Depot

  • August 14, 2012

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. 

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