Home Depot Increases Profits in Q3 to $1.7 Billion

Home Depot reported a third quarter 2015 profit of $1.7 billion, an increase of 13 percent above the $1.5 billion profit recorded during the same period in 2014.

Net sales increased 6.4 percent year-over-year to $21.8 billion during the quarter, and comparable sales increased 5.1 percent.

Flooring sales were below the company’s average, Home Depot EVP of Merchandising Ted Decker told investors during a webcast. Specific numbers were not released.

Flooring tools, however, had sales above the company average, he said.

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