The Home Depot (Atlanta) on Tuesday announced third quarter income of $947 million, 1.4 percent above income of $934 million during the third quarter of 2011.
The Home Depot posted sales of $18.1 billion for the third quarter, 4.6 percent above the $17.3 billion in sales it posted during the third quarter of 2011. Its worldwide comparable store sales for third quarter increased 4.2 percent, while its comparable store sales in the U.S. increased 4.3 percent.
"Our third-quarter results were better than we expected and reflected, in part, what we believe is the start of the path toward the healing of the housing market," said Frank Blake, the company's chairman & CEO. "I particularly want to thank all of our associates who are helping the communities impacted by Hurricane Sandy. They are working under difficult circumstances, often with their own lives and homes disrupted by the storm, and their efforts exemplify our core values."
With the third quarter completed, the company raised its sales growth guidance upwards about 5.2 percent. The company now operates 2,250 retail stores throughout the U.S., Puerto Rico, Canada, Mexico, Guam and U.S. Virgin Islands.
