24 February 2009

HD: Earnings Announcement 2008-4Q

The Home Depot, Inc. (NYSE: HD) has announced a small net loss, as expected, for the 13 weeks that ended on 1 February 2009.

The quarter included substantial charges to close stores, reduce personnel, and recognize the impaired value of an investment.

The full GCFR analysis of the quarter will be posted within the next few days.  The spreadsheet below, which differs in material respects from the company-used presentation, compares the latest results to the model we posted previously (and modified after the decision to close EXPO stores was announced).


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