KKFX San Luis Obispo, Santa Maria, Santa Barbara - News-Summary box: Home Depot 4th-quarter earnings
Member Center:
REVERSING A LOSS: Improving sales of products related to small do-it-yourself projects, like paint and flooring, helped Home Depot report a profit compared to a year-ago loss.
SALES NEARLY FLAT: Customers are still holding back on higher-priced items. Total sales fell less than 1 percent to $14.57 billion.
WHAT'S NEXT: CEO Frank Blake says 2010 will be a "transitional" year, with relatively flat growth in the first half giving way to more momentum in the second half.
Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
