The Home Depot Income Rises 17.1%

Atlanta, The Home Depot reported second-quarter net earnings of $1.8 billion, up 17.1%, for the second quarter of fiscal 2005, compared with $1.5 billion for the same quarter last year. Comparable-store sales growth was 4.0%.

The company posted record sales of $22.3 billion, record operating margin of 12.75%, and record net earnings of $1.8 billion.

“In the second quarter, we continued our focus on improving operating efficiencies and drove the highest operating margin in our company’s history,” said Carol Tome, executive VP and CFO.