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Retail Top 100 2012, No. 81: Home Depot

May 24, 2012

With the housing market in a seemingly endless slump, big-box store Home Depot's stock finished strong in 2011, and now trades at levels higher than it did before the recession. As shoppers spent more per trip, the world's largest home-improvement retailer reported a third-quarter profit gain that topped analysts' estimates. Net income rose 12 percent to $934 million, or 60 cents a share, in the quarter that ended Oct. 30, up from $834 million, or 51 cents, a year earlier. CEO Frank Blake has lured cash-strapped do-it-yourselfers by shifting back-office employees to the floor and improving distribution from warehouses to stores. The Atlanta-based chain's number of transactions increased by 1.2 percent to 325.3 million while shoppers' average spending rose 3 percent to $53.03 per ticket.

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