The Home Depot® reported sales of $38.1 billion for the second quarter of fiscal 2020, a 23.4 percent increase from the second quarter of fiscal 2019. Comparable sales for the second quarter of fiscal 2020 were positive 23.4 percent, and comparable sales in the U.S. were positive 25.0 percent. Net earnings for the second quarter of fiscal 2020 were $4.3 billion, or $4.02 per diluted share, compared with net earnings of $3.5 billion, or $3.17 per diluted share, in the same period of fiscal 2019. For the second quarter of fiscal 2020, diluted earnings per share increased 26.8 percent from the same period in the prior year.
David Ritchie has been named CEO of Bonnier Corp., it was announced today by Jens Mueffelmann, Executive Chairman of Bonnier Corp. His appointment is effective August 1. Ritchie is succeeding Eric Zinczenko, who will be departing the company.
“David’s track record and deep understanding of all facets of the company as former COO and CCO make him the right choice to lead Bonnier Corp. into the future,” Mueffelmann said. “What impressed me working with David in the past couple of months was his true passion for our brands, paired with a strong business acumen and a structured and hands-on approach to execution. These qualities will be critical to us in this pivotal time as we conclude efforts on mergers and acquisitions opportunities for our media properties, transform and restructure operations, and execute a clear go-forward plan for our nonmedia activities. On behalf of the Board of Directors, I wish Eric the very best and thank him for his 14 years of service at Bonnier.
“I discovered a love for journalism at a very young age and had the incredible fortune to build a career at a great media company, one with top brands and passionate audiences,” Ritchie said. “I’m honored to be named CEO of Bonnier Corp., given the many talented colleagues I’ve worked alongside all these years. While times are certainly challenging, I’m confident that together we can lead this company to greatness.”
Ritchie previously served as Bonnier Corp.’s Chief Operations Officer, overseeing most of the company’s support functions, including web development, ad operations, data science and analytics, consumer research, IT, and facilities. Prior to that, he served as Chief Content Officer, charged with driving alignment within the company’s editorial and digital-technology teams. Earlier in his career, he served in a variety of director-level leadership positions, and as an editor-in-chief within the company’s fishing portfolio. Ritchie also spent six years as marketing director for Hatteras Yachts.
He is a graduate of Troy University with a B.S. in journalism and advertising. Outside the office, he enjoys spending quality time on the water with his wife, Therese, and their children, family and friends.