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The Home Depot's EPS grow 16.3% to $0.57 in Q1 2005

20 May '05
6 min read

"Excluding the impact of the EXPO announcement, they leveraged expenses in the first quarter, demonstrating our ability to execute," said Carol Tome, executive vice president and CFO. "They continue to deliver strong rates of return on the capital they deploy, with a return on invested capital of 22 percent." At the end of the first quarter, the company reported total assets of $42 billion and total stockholders' equity of $24 billion.

The company reconfirmed its fiscal 2005 sales growth guidance of 9-12 percent and its earnings per share growth guidance of 10-14 percent.

Enhancing the Core
"The stores were well-prepared for spring and as the weather breaks across the country, they are positioned to take care of our customers," said Tom Taylor, executive vice president, Stores.

"Through some of the changes we've made to our store organization structure, our business today retains the entrepreneurial spirit of The Home Depot matched with the benefits of a centralized leadership team. Now more than ever before, they are able to better manage our business while staying on strategy."

By broadening its current assortment of merchandise as well as adding new innovative and distinctive merchandise, The Home Depot achieved a record average ticket of $58.25 for the first quarter of fiscal 2005, representing an increase of 5.7 percent compared to the prior year.

"Customers are responding to our expanded assortment of patio furnrship team. Now more than ever before, they are able to better manage our business while staying on strategy."

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