The Home Depot reported net earnings of $11.2 billion in 2019, a 1% increase from 2018’s $11.1 billion.
The company’s net sales grew 1.8% year-over-year to $110.2 billion.
In the fourth quarter of 2019, Home Depot’s profits increased 5.8% to $2.5 billion compared with the fourth quarter of 2018, while sales declined 2.6% to $25.8 billion (the company said the decline was due to fiscal 2018 having an extra week of operations compared with fiscal 2019).
“We had a strong finish to the year as our fourth quarter results reflect strength in our core business, solid execution around our holiday events and the overall health of the consumer,” stated Home Depot Chairman, CEO and President Craig Menear.
The Home Depot’s full Q4 2019 report can be found here.
