The Home Depot's EPS grow 16.3% to $0.57 in Q1 2005
20 May '05
6 min read
Extending the Business
During the quarter, the company opened 21 net new stores across Canada, Mexico and the United States, bringing the total store count to 1,911.
Building on the growing demand for do-it-for-me services, the company's services business grew 16 percent during the first quarter of fiscal 2005. The Home Depot saw strong growth in categories such as roofing, kitchens, countertops, windows and carpet installation. The company expects to sustain double-digit growth in this area as do-it-for-me customers continue to be attracted to the convenience and quality of the company's offerings.
Expanding the Market
During the first quarter, the company continued its strategy of growing its market and global presence. At the end of the first quarter, nine percent of its stores were located in Canada and Mexico, and the company continues to build upon its plan to enter the retail market in China.
Other Recent Events
- Received the 2005 Private Sector Leadership Award by Partnership for Public Service in May
- Ranked 4th on the HACR Corporate Responsibility Index by the Hispanic Association for Corporate Responsibility in May
- Named Most Admired Specialty Retailer by Fortune magazine
- Awarded the M.B. Zale Visionary Merchant Award by Center for Retailing Studies at Texas A&M University
- Received the Distinguished Service Award by Military Officers Association of America
- Received the Energy Star America
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