U.S. home improvement and DIY retailer Home Depot posted a net profit of 4.339 billion dollars (4.203 billion euros) in its fiscal third quarter ended in October, a 5.1 percent improvement compared to the profit recorded in the same quarter of the previous year.
According to the quarterly accounts published Tuesday by the world’s largest company in the DIY and renovation sector, turnover in the quarter reached 38,872 million dollars (37,652 million euros), up 5.6 percent compared to the same period of the previous year.
Between August and October, Home Depot processed 409.8 million transactions, 4.3 percent less than a year earlier, but raised the average amount of each ticket by 8.8 percent, to 89.67 dollars (about 87 euros).
«We delivered another solid performance in the third quarter, driven by strength in project-related categories across the business,» said Ted Decker, chairman and CEO.
Thus, in the first nine months of its fiscal year the company posted a net profit of 13.743 billion dollars (13.312 billion euros), up 5.1 percent from a year earlier, while net sales grew 5.3 percent year-on-year to 121.572 billion dollars (117.757 billion euros).
For the full year, the multinational confirmed its forecast for a net sales increase of around 3 percent, with an operating margin of approximately 15.4 percent and earnings per share growth of around 5 percent.
