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| The Home Depot Announces First Quarter 2006 Results The Home Depot, the world's largest home improvement retailer, reported first quarter net earnings of $1.5 billion, or 70 cents per diluted share, compared to 57 cents per diluted share and net earnings of $1.2 billion reported for the same period in fiscal 2005. This resulted in a 22.8 percent increase in earnings per diluted share over the first quarter of fiscal 2005. Sales for the first quarter of fiscal 2006 totaled $21.5 billion, a 13.1 percent increase from the first quarter of fiscal 2005. During the quarter, the Company opened 23 new stores, including 4 relocations, with 4 new stores in Canada and 2 new stores in Mexico, bringing the total store count to 2,051. As of the end of the quarter, approximately 10 percent of the Company's store base was in Canada and Mexico. As in the U.S., the Company continues to be the market leader in Canada and Mexico. write your comments about the article :: © 2006 Construction News :: home page |