Home Depot: Great in the garden line

Home Depot, American home improvement chain

announced third-quarter sales of $37.7 billion,

decreased 3%% YoY.

comparable sales were also down 3.1 percent,

's net profit for the quarter decreased 12%% to $3.8 billion,

was down from $4.3 billion a year earlier.

Executive Vice President of Sales for The Home Depot Company

Billy Bastek is working with analysts

in the conference call, it was pointed out that,

its building materials division announced positive results,

7 of 13 product divisions

performance above the company average,

including plumbing, electrical appliances, hardware

outdoor garden, tools and paint.

but there's still 1/4 left this year,

we think it's unlikely

previously predicted performance results,"

CFO Richard McPhell

Express.

in response, the company is narrowing its guidance.

Home Depot's current projected sales revenue

compensation sales revenue will decrease by 3% to 4%% compared with the same period last year,

and previously forecasted sales

compensation is expected to decrease by 2% to 5%.

article reprinted in "Decogo"