Home Depot profits 'from US housing market recovery'

Customers loading up their vehicle after shopping at a Home Depot branch Home Depot's home market sales were up strongly

Related Stories

Home Depot says it made a small rise in quarterly profits, thanks to signs of recovery in the US housing market.

The US home improvement chain made a net profit of $947m (£596m) in the three months ending 28 October, up from $934m a year earlier.

Home Depot chief executive Frank Blake said the results showed "the start of the path towards the healing of the housing market".

Its revenues were up 4% to $18.1bn.

Home Depot's same-store US sales - which exclude new store openings - rose 4.3% from a year earlier.

The company's net profit equated to 63 cents per share. Home Depot said it would have been as high as 74 cents, were it not for a one-off charge caused by the closure of some of its Chinese stores.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories


Features & Analysis

Elsewhere on the BBC

  • TravelAround the world

    BBC Travel takes a look at the most striking images from the past seven days


  • A bicycle with a Copenhagen WheelClick Watch

    The wheel giving push bikes an extra boost by turning them into smart electric hybrids

Try our new site and tell us what you think. Learn more
Take me there

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.