First Quarter Sales Decline 3.4 Percent at Home Depot
June 04, 2008
June 04, 2008
INDIANAPOLIS, June 4 -- The North American Retail Hardware Association issued the following news release:
The Home Depot reported fiscal 2008 first quarter net earnings of $356 million compared with $1.0 billion in the same period in fiscal 2007. These results reflect a nonrecurring charge of $543 million due to the recently announced closing of 15 stores and removal of 50 stores from the future growth pipeline. Excluding this nonrecurring charge, the Company reported consolidated . . .
The Home Depot reported fiscal 2008 first quarter net earnings of $356 million compared with $1.0 billion in the same period in fiscal 2007. These results reflect a nonrecurring charge of $543 million due to the recently announced closing of 15 stores and removal of 50 stores from the future growth pipeline. Excluding this nonrecurring charge, the Company reported consolidated . . .