The world’s largest home improvement store chain this morning announced a huge hit to its fourth quarter profits. Atlanta-based The Home Depot says its profits for the three months ending February 3rd fell more than 27-percent in the midst of a nationwide housing slump. Home Depot says it earned 671-million dollars, compared to a profit of 925 million for the same period a year earlier. Sales at Home Depot stores fell over eight-percent for the quarter.
