Exhibit 99.1

LOGO

THE HOME DEPOT ANNOUNCES FOURTH QUARTER AND FISCAL 2009 RESULTS;

Declares Dividend Increase and Provides Fiscal 2010 Outlook

ATLANTA, Feb 23, 2010 -- The Home Depot®, the world’s largest home improvement retailer, today reported sales for the fourth quarter of fiscal 2009 of $14.6 billion, a 0.3 percent decrease from the fourth quarter of fiscal 2008. Total company comparable store sales for the fourth quarter grew 1.2 percent. Comparable store sales for U.S. stores were negative 1.1 percent.

Earnings per diluted share from continuing operations for the fourth quarter were $0.18, compared to earnings per diluted share from continuing operations of $0.00 in the fourth quarter of fiscal 2008. Fourth quarter 2009 earnings per diluted share from continuing operations reflect a $163 million pre-tax write-down of the Company’s investment in HD Supply.

Excluding the write-down of the Company’s investment in HD Supply, earnings from continuing operations were $402 million for the fourth quarter of fiscal 2009, an increase of 22.9 percent from adjusted earnings from continuing operations of $327 million in the fourth quarter of fiscal 2008. On an adjusted basis, earnings per diluted share from continuing operations were $0.24 for the fourth quarter of fiscal 2009, an increase of 26.3 percent from the same period in 2008.

Fiscal 2009 fourth quarter consolidated net earnings were $342 million, or $0.20 per diluted share, compared with a net loss of $54 million, or a $0.03 loss per diluted share, for the same period in fiscal 2008. Consolidated net earnings include $41 million of earnings from discontinued operations arising from the Company’s working capital settlement agreement with HD Supply.

Fiscal 2009

Sales for fiscal 2009 were $66.2 billion, a decline of 7.2 percent from fiscal 2008. Total company comparable store sales for the year declined 6.6 percent, and comps for U.S. stores were negative 6.2 percent for the year.

Earnings per diluted share from continuing operations in fiscal 2009 were $1.55, compared to $1.37 per diluted share from continuing operations in fiscal 2008, an increase of 13.1 percent. Excluding strategic charges recorded earlier in the year and the write-down of the Company’s investment in HD Supply, adjusted earnings per diluted share from continuing operations for fiscal 2009 were $1.66. (Editors’ Note: See attached chart for full explanation of charges.)

For fiscal 2009, consolidated net earnings per diluted share increased 17.2 percent to $1.57 on consolidated net earnings of $2.7 billion, compared to consolidated earnings per diluted share of $1.34 on net earnings of $2.3 billion in fiscal 2008.


The following information was filed by Home Depot Inc (HD) on Tuesday, February 23, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Home Depot Inc's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Home Depot Inc.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account