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Business Description
The Home Depot, Inc. operates Home Depot stores, which are warehouse-style stores selling building materials, home improvement supplies and lawn and garden products, primarily to do-it-yourselfers. In addition, the Company operates EXPO Design Center stores, which offer products and services primarily related to design and renovation projects; Home Depot Landscape Supply stores, which service landscape professionals and garden enthusiasts with lawn, landscape and garden products, and Home Depot Supply stores serving primarily professional customers. The Company also operates The Home Depot Floor Stores, which offer primarily flooring products and installation services. At the end of the fiscal year ended February 1, 2004 (fiscal 2003), the Company was operating 1,707 stores in total in the United States, Canada and Mexico. The Company's other businesses include The Home Depot Supply, which distributes products and sells installation services primarily to businesses and governments.

Financial Information
For the 26 weeks ended 8/01/04, net sales rose 13% to $37.51 billion. Net earnings rose 20% to $2.64 billion. Revenues reflect increased sales due to the opening of new stores. Net earnings reflect improved gross profit margins due to lower cost of merchandise sold as a percentage of revenue.