Home Depot reported a profit of $2.67 billion in the second quarter of 2017, the highest profit in company history and a 9.5 percent increase compared with a profit of $2.44 billion in the second quarter of 2016.
Sales for the quarter were $28.12 billion, a 6.2 percent increase compared with sales of $26.47 billion in the second quarter of 2016. Home Depot does not release detailed business segment information, but Ted Decker, executive vice president of marketing, told investors during a conference call that the flooring segment had double-digit same-store sales growth in the second quarter and was a driver in increasing big ticket purchases.
“Flooring, both hard and soft, has been an excellent growth driver for our business this year, and we continue to see great innovation within the category,” he said.
