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Home Depot increased sales by 1.9 per cent in 2019

Home Depot is the biggest home improvement retail chain in the world.

Home Depot is the biggest home improvement retail chain in the world.

The US chain Home Depot, global market leader in the DIY trade, finished fiscal 2019/2020 (ended 2 February 2020) with sales of USD 110.225 bn (EUR 101.494 bn). Sales thus increased by 1.9 per cent compared with the previous year, while like-for-like growth was 3.5 per cent overall and 3.8 per cent in the USA.

In the fourth quarter, the company recorded sales of USD 25.782 bn (EUR 23.740 bn), equivalent to a fall of 2.7 per cent, although the previous financial year was a week longer. Like-for-like sales at Home Depot grew by 5.2 per cent in the fourth quarter overall and by 5.3 per cent in the USA.

According to Craig Menear, chairman, CEO and president, the figures reflect the impact of the One Home Depot investment programme launched two years ago. This created a value proposition that is unique to the marketplace and will extend the leadership position for years to come.

|27 February 2020 | 14:01


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