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The Home Depot Earnings Call, Second Quarter 2008
Author: Maclintosh Kuhlengisa
123jump.com
Last Update: 9:49 AM ET August 24 2008

The home depot reported a 5.4% drop in sales to $20.9 billion from $22.2 billion in the prior year, reflecting negative same-store sales of 7.9%, offset in part by sales from new stores. Consequently, sales fell 25% to $1.2 billion or 71 cents compared to $1.6 billion or 77 cents a share in 2007. On share performance, the firm has stabilized the share loss rate but it has not yet turned the corner on total share gain.

 

 

 
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