Home Depot 2013 Annual Report Download - page 24

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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)
2013 2012 2011 2013
vs. 2012 2012
vs. 2011
NET SALES 100.0% 100.0% 100.0% 5.4% 6.2%
GROSS PROFIT 34.8 34.6 34.5 6.0 6.5
Operating Expenses:
Selling, General and Administrative 21.1 22.1 22.8 0.5 3.0
Depreciation and Amortization 2.1 2.1 2.2 3.8 (0.3)
Total Operating Expenses 23.1 24.2 25.0 0.8 2.7
OPERATING INCOME 11.6 10.4 9.5 18.0 16.6
Interest and Other (Income) Expense:
Interest and Investment Income —— — (40.0) 53.8
Interest Expense 0.9 0.8 0.9 12.5 4.3
Other —(0.1) — (100.0) N/A
Interest and Other, net 0.9 0.7 0.8 28.3 (8.1)
EARNINGS BEFORE PROVISION
FOR INCOME TAXES 10.7 9.7 8.6 17.3 19.0
Provision for Income Taxes 3.9 3.6 3.1 14.7 22.9
NET EARNINGS 6.8% 6.1% 5.5% 18.7% 16.8%
SELECTED SALES DATA
Number of Customer Transactions (in millions)(2) 1,390.6 1,364.0 1,317.5 1.9% 3.5%
Average Ticket(2) $ 56.78 $ 54.89 $ 53.28 3.4% 3.0%
Sales per Square Foot(2) $ 334.35 $ 318.63 $ 299.00 4.9% 6.6%
Comparable Store Sales Increase (%)(3) 6.8% 4.6% 3.4% N/A N/A
Online Sales (% of Net Sales)(4) 3.5% 2.4% 1.8% 52.6% 39.3%
Note: Certain percentages may not sum to totals due to rounding.
—————
(1) Fiscal years 2013, 2012 and 2011 refer to the fiscal years ended February 2, 2014, February 3, 2013 and January 29,
2012, respectively. Fiscal years 2013 and 2011 include 52 weeks; fiscal year 2012 includes 53 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 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 online sales,
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.
(4) Consists of Net Sales generated online through the Home Depot and Home Decorators Collection websites for products
delivered to customer locations or picked up in stores through our BOPIS and BOSS programs.
N/A – Not Applicable