Home Depot 2012 Annual Report Download - page 25

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19
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)
2012 2011 2010 2012
vs. 2011 2011
vs. 2010
NET SALES 100.0% 100.0% 100.0% 6.2% 3.5%
GROSS PROFIT 34.6 34.5 34.3 6.5 4.1
Operating Expenses:
Selling, General and Administrative 22.1 22.8 23.3 3.0 1.1
Depreciation and Amortization 2.1 2.2 2.4 (0.3)(2.7)
Total Operating Expenses 24.2 25.0 25.7 2.7 0.8
OPERATING INCOME 10.4 9.5 8.6 16.6 14.1
Interest and Other (Income) Expense:
Interest and Investment Income —— — N/M N/M
Interest Expense 0.8 0.9 0.8 4.3 14.3
Other (0.1) — 0.1 N/M (100.0)
Interest and Other, net 0.7 0.8 0.8 (8.1) 4.8
EARNINGS BEFORE PROVISION
FOR INCOME TAXES 9.7 8.6 7.8 19.0 15.1
Provision for Income Taxes 3.6 3.1 2.8 22.9 12.9
NET EARNINGS 6.1% 5.5% 4.9% 16.8% 16.3%
SELECTED SALES DATA
Number of Customer Transactions (in millions)(2) 1,364.0 1,317.5 1,305.7 3.5% 0.9%
Average Ticket(2) $ 54.89 $ 53.28 $ 51.93 3.0% 2.6%
Weighted Average Weekly Sales per
Operating Store (in thousands) $ 627 $ 601 $ 581 4.3% 3.4%
Weighted Average Sales per Square Foot(2) $ 318.63 $ 299.00 $ 288.64 6.6% 3.6%
Comparable Store Sales Increase (%)(3) 4.6% 3.4% 2.9% N/A N/A
Note: Certain percentages may not sum to totals due to rounding.
—————
(1) Fiscal years 2012, 2011 and 2010 refer to the fiscal years ended February 3, 2013, January 29, 2012 and January 30,
2011, respectively. Fiscal year 2012 includes 53 weeks; fiscal years 2011 and 2010 include 52 weeks.
(2) The 53rd week of fiscal 2012 increased customer transactions by approximately 21 million, positively impacted average
ticket by approximately $0.06 and positively impacted weighted average sales per square foot by approximately $5.51.
(3) Includes Net Sales at locations open greater than 12 months, including relocated and remodeled stores and excluding
closed 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. Net Sales for the 53rd week of fiscal 2012 are not included in
comparable store sales results for fiscal 2012.
N/M – Not Meaningful
N/A – Not Applicable