The Home Depot®, the world's largest home improvement retailer, today reported sales of $20.9 billion for the first quarter of fiscal 2015, a 6.1 percent increase from the first quarter of fiscal 2014. Comparable store sales for the first quarter of fiscal 2015 were positive 6.1 percent, and comp sales for U.S. stores were positive 7.1 percent. Net earnings for the first quarter of fiscal 2015 were $1.6 billion, or $1.21 per diluted share, compared with net earnings of $1.4 billion, or $1.00 per diluted share, in the same period of fiscal 2014. For the first quarter of fiscal 2015, diluted earnings per share increased 21.0 percent from the same period in the prior year.
Outdoor apparel retailer Patagonia saw record sales on Black Friday that blew past all estimates — and it plans to donate all the revenue.
Before Thanksgiving, the eco-activist brand announced it would give away 100% of its global retail and online Black Friday revenue to grass-roots environmental groups working to protect the air, water and soil for future generations. Its total take for the day: a record-breaking $10 million.
“We’re humbled to report the response was beyond expectations … We expected to reach $2 million in sales — we beat that expectation five times over,” stated Rose Marcario, president and CEO, Patagonia. “The enormous love our customers showed to the planet on Black Friday enables us to give every penny to hundreds of grassroots environmental organizations working around the world.”
Patagonia noted that along with many loyal customers, the initiative attracted thousands who have never purchased anything from Patagonia before.