Shares of Home Depot (HD) trade with gains of up to 6% during Tuesday's trading session. The home improvement retailer reported strong sales for the final quarter of 2012. The company furthermore announced a very favorable capital allocation strategy to its shareholders.
Fourth Quarter Results
Home Depot generated fourth quarter revenues of $18.2 billion, up 13.9% on the year before. The fact that the quarter consisted out of 14 weeks, instead of 13 weeks, added $1.2 billion in sales. Excluding the additional week, revenues were up by 6.3%. Revenues were driven by a very strong 7.0% increase in comparable store sales.
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