The front of a Home Depot store. (Photo: Justin Sullivan/Getty Images)
Photo: Justin Sullivan/Getty Images
Photo: Justin Sullivan/Getty Images

Home Depot profits break record; quarter’s sales also hit all-time high

Home Depot, Georgia’s largest company and the world's largest home improvement retailer, Tuesday announced sales of $28.1 billion for the second quarter of its fiscal year.

That was up 6.2 percent from the same quarter a year ago. 

Home Depot has prospered while many retailers shrink or even collapse.

Home Depot profit for the quarter was $2.7 billion, up from the net earnings of $2.4 billion a year earlier. This past quarter’s profits come out to $2.25 per share, up from $1.97 a share a year earlier. 

It is the highest quarterly profit the company has ever reported, said Craig Menear, chairman, CEO and president.

PHOTOS: Home Depot’s history in Atlanta

During the quarter, comparable store sales were in line with the overall results, up 6.3 percent. The company’s American stores did slightly better than the corporate average, rising 6.6 percent.

“We were pleased with our results this quarter,” said Menear, in a statement that praised both employees and corporate partners. 

RELATED: Home Depot says it will start building stores (slowly)

However, Home Depot stock tumbled, losing almost 3 percent in midday trading.

The company currently has about 400,000 employees working in nearly 2,000 stores in the United States, in addition to 75 distribution facilities. 

Interested job candidates can look online for information. The process has been streamlined and is meant to take about 15 minutes to apply, according to the company.
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