The Home Depot has reported that comparable store sales for the fourth quarter of fiscal 2013, ended February 2, increased 4.4%, and comp sales for U.S. stores were a positive 4.9%.
Total sales for the fourth quarter of fiscal 2013 were $17.7 billion, a 3% decrease from the fourth quarter of fiscal 2012. Net earnings for the fourth quarter of fiscal 2013 were $1 billion, compared with net earnings of $1 billion in the same period of fiscal 2012.
Sales for Home Depot’s fiscal year 2013 were $78.8 billion, an increase of 5.4% from fiscal year 2012. Total company comparable store sales for fiscal year 2013 increased 6.8%, and comp sales for U.S. stores were a positive 7.5% for the year. Net earnings in fiscal year 2013 amounted to $5.4 billion compared with $4.5 billion the previous year, an 18.7% increase.
“In 2013, we posted our strongest comp sales growth in 14 years as solid execution and the recovering housing market aided our performance,” said Frank Blake, chairman and CEO.
The company also provided the following guidance for fiscal year 2014: Sales growth of approximately 4.8%, with comparable store sales growth of approximately 4.6%. Seven new stores are slated to open this year.
At the end of the fourth quarter, Home Depot operated a total of 2,263 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, 10 Canadian provinces and Mexico.