Home Depot 2009 Annual Report Download - page 24

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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 are important in evaluating the performance of our business operations.
% of Net Sales
% Increase
(Decrease)
In Dollar Amounts
Fiscal Year(1)
2009 2008 2007 2009
vs. 2008 2008
vs. 2007
NET SALES 100.0% 100.0% 100.0% (7.2)% (7.8)%
Gross Profit 33.9 33.7 33.6 (6.6) (7.7)
Operating Expenses:
Selling, General and Administrative 24.0 25.0 22.1 (10.9) 4.7
Depreciation and Amortization 2.6 2.5 2.2 (4.4) 4.9
Total Operating Expenses 26.6 27.5 24.3 (10.3) 4.7
OPERATING INCOME 7.3 6.1 9.4 10.2 (39.8)
Interest and Other (Income) Expense:
Interest and Investment Income —— (0.1) 0.0 (75.7)
Interest Expense 1.0 0.9 0.9 8.3 (10.3)
Other 0.2 0.2 — 0.0 0.0
Interest and Other, net 1.2 1.1 0.8 6.8 23.6
EARNINGS FROM CONTINUING
OPERATIONS BEFORE PROVISION
FOR INCOME TAXES 6.0 5.0 8.6 10.9 (45.8)
Provision for Income Taxes 2.1 1.8 3.1 6.6 (47.0)
EARNINGS FROM CONTINUING
OPERATIONS 4.0% 3.2% 5.4% 13.3% (45.1)%
SELECTED SALES DATA
Number of Customer Transactions (in
millions)(2) 1,274 1,272 1,336 0.2% (4.8)%
Average Ticket(2) $ 51.76 $ 55.61 $ 57.48 (6.9) (3.3)
Weighted Average Weekly Sales per Operating
Store (in thousands)(2) $ 563 $ 601 $ 658 (6.3) (8.7)
Weighted Average Sales per Square Foot(2) $278.97 $298.19 $331.86 (6.4) (10.1)
Comparable Store Sales Decrease (%)(3) (6.6)% (8.7)% (6.7)% N/A N/A
Note: Certain percentages may not sum to totals due to rounding.
(1) Fiscal years 2009, 2008 and 2007 refer to the fiscal years ended January 31, 2010, February 1, 2009 and
February 3, 2008, respectively. Fiscal years 2009 and 2008 include 52 weeks; fiscal year 2007 includes
53 weeks.
(2) The 53rd week of fiscal 2007 increased customer transactions by 20 million, negatively impacted average
ticket by $0.05, negatively impacted weighted average weekly sales per operating store by $3 thousand
and increased weighted average sales per square foot by $4.77.
(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. 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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