Home Depot 2006 Annual Report Download - page 31

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We believe the selected sales data, the percentage relationship between Net Sales and major categories
in the Consolidated Statements of Earnings and the percentage change in the dollar amounts of each
of the items presented as follows is important in evaluating the performance of our business operations.
% Increase
(Decrease)
% of Net Sales In Dollar Amounts
Fiscal Year(1)
2006 2005
2006 2005 2004 vs. 2005 vs. 2004
NET SALES 100.0% 100.0% 100.0% 11.4% 11.5%
Gross Profit 32.8 33.5 33.4 9.0 11.8
Operating Expenses:
Selling, General and Administrative 20.2 20.2 20.9 11.3 8.1
Depreciation and Amortization 1.9 1.8 1.7 19.7 17.9
Total Operating Expenses 22.1 22.0 22.6 12.0 8.8
OPERATING INCOME 10.7 11.5 10.8 3.3 18.1
Interest Income (Expense):
Interest and Investment Income —0.1 0.1 (56.5) 10.7
Interest Expense (0.4) (0.2) (0.1) 174.1 104.3
Interest, net (0.4) (0.1) — 350.6 478.6
EARNINGS BEFORE PROVISION FOR
INCOME TAXES 10.3 11.4 10.8 0.3 17.3
Provision for Income Taxes 4.0 4.2 4.0 3.0 18.3
NET EARNINGS 6.3% 7.2% 6.8% (1.3)% 16.7%
SELECTED SALES DATA(2)
Number of Retail Customer Transactions (millions) 1,330 1,330 1,295 0.0% 2.7%
Average Ticket $ 58.90 $ 57.98 $ 54.89 1.6 5.6
Weighted Average Weekly Sales per
Operating Store (000s) $ 723 $ 763 $ 766 (5.2) (0.4)
Weighted Average Sales per Square Foot $357.83 $377.01 $375.26 (5.1) 0.5
Retail Comparable Store Sales (Decrease)
Increase (%)(3) (2.8)% 3.1% 5.1% N/A N/A
(1) Fiscal years 2006, 2005 and 2004 refer to the fiscal years ended January 28, 2007, January 29, 2006
and January 30, 2005, respectively. Fiscal years 2006, 2005 and 2004 include 52 weeks.
(2) Includes Retail segment only.
(3) Includes Net Sales at locations open greater than 12 months, including relocated and remodeled stores.
Retail stores become comparable on the Monday following their 365th day of operation. Retail
comparable store sales is intended only as supplemental information and is not a substitute for Net
Sales or Net Earnings presented in accordance with generally accepted accounting principles.
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