Home Depot 2007 Annual Report Download - page 36

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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 below is important in evaluating the performance of our
business operations. We operate in one operating segment and believe the information presented in our Management's Discussion and Analysis
of Financial Condition and Results of Operations provides an understanding of our business, our operations and our financial condition.
Note: Certain percentages may not sum to totals due to rounding.
(1)
% of Net Sales
% Increase
(Decrease)
In Dollar Amounts
Fiscal Year
(1)
2007
2006
2005
2007
vs. 2006
2006
vs. 2005
NET SALES
100.0
%
100.0
%
100.0
%
(2.1
)%
2.6
%
Gross Profit
33.6
33.6
33.7
(2.1
)
2.3
Operating Expenses:
Selling, General and Administrative
22.1
20.4
20.1
5.9
4.0
Depreciation and Amortization
2.2
2.0
1.8
8.1
11.6
Total Operating Expenses
24.3
22.4
21.9
6.1
4.7
OPERATING INCOME
9.4
11.2
11.8
(18.3
)
(2.0
)
Interest (Income) Expense:
Interest and Investment Income
(0.1
)
—
(
0.1
)
174.1
(56.5
)
Interest Expense
0.9
0.5
0.2
78.0
175.4
Interest, net
0.8
0.5
0.1
70.9
355.0
EARNINGS FROM CONTINUING
OPERATIONS BEFORE PROVISION
FOR INCOME TAXES
8.6
10.8
11.6
(22.1
)
(5.2
)
Provision for Income Taxes
3.1
4.1
4.3
(25.5
)
(2.7
)
EARNINGS FROM CONTINUING
OPERATIONS
5.4
%
6.7
%
7.3
%
(20.1
)%
(6.6
)%
SELECTED SALES DATA
Number of Customer Transactions (in millions)
(2)
1,336
1,330
1,330
0.5
%
0.0
%
Average Ticket
(2)
$
57.48
$
58.90
$
57.98
(2.4
)
1.6
Weighted Average Weekly Sales per Operating
Store (in thousands)
$
658
$
723
$
763
(9.0
)
(5.2
)
Weighted Average Sales per Square Foot
$
331.86
$
357.83
$
377.01
(7.3
)
(5.1
)
Comparable Store Sales (Decrease) Increase (%)
(3)
(6.7
)%
(2.8
)%
3.1
%
N/A
N/A
Fiscal years 2007, 2006 and 2005 refer to the fiscal years ended February 3, 2008, January 28, 2007 and January 29, 2006, respectively.
Fiscal year 2007 includes 53 weeks; fiscal years 2006 and 2005 include 52 weeks.
(2) The 53
rd
week of fiscal 2007 increased customer transactions by 20 million and negatively impacted average ticket by $0.05.
(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 365
th
day of operation. 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.
21