Home improvement retailer The Home Depot® reported second quarter net earnings of $1.8 billion for the second quarter ended July 31, up 17.1% vs. $1.5 billion for the second quarter of fiscal 2004. Sales for the period rose 11.7% to $22.3 billion and comparable store sales growth was 4%.
“This quarter we demonstrated our strategy of enhancing our core through various initiatives aimed at improving store efficiency and customer service while executing on expanding our business through The Home Depot Supply to build strong, sustainable platforms for growth,” Bob Nardelli, chairman and president/CEO, said in a statement.