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Home Depot earnings soar 72% in Q4
Atlanta -- Home Depot reported Tuesday that profit for the quarter ended Jan. 30 surged 72% to $587 million, compared with $342 million a year earlier, and and the home-improvement chain provided 2011 guidance at or above the views it gave in December. Results were helped by a strong showing in the United States.
Revenue increased 3.8% to $15.12 billion, beating Wall Street expectations of $14.81 billion. Same-store sales rose 3.9% and were up 4.8% in the United States.
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Casto closes sale on second Columbus location for Menards
Columbus, Ohio -- Casto announced that Menards has purchased 20 acres of land at Columbus Corporate Center, on the east side of Columbus, Ohio.
According to Menards, construction on its 160,000-sq.-ft. store will commence later this spring. This will be the second Menards location in Columbus. The first location, situated at Northland is scheduled to open this spring.