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Despite Breach, Home Depot’s Profits Grow

Home Depot reported $1.54 billion in net earnings for its third quarter, a 13.8 percent increase from the same period last year. The retailer also reported net sales of $20.5 billion for the quarter, which ended Nov. 2, an increase of 5.4 percent. The company has insurance coverage that’s offsetting much of the cost of the breach. It expects net breach expenses for fiscal 2014, which ends Feb. 1, 2015, to total $34 million.”]

Source: https://www.cuinfosecurity.com/despite-breach-home-depots-profits-grow-a-7575

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