Shares in The Home Depot rose 4% in premarket trading as the retailer announced better than expected fourth-quarter results.
The home improvement retailer reported sales of $23.9bn for Q4 2017, up 7.5% from the same quarter the year before. Same-store sales were up by 7.5% from the same period the year before.
Excluding one-off items, earnings per share were $1.69 for the quarter. Analysts had predicted $1.61 a share.
Sales for the fiscal year 2017 were $100.9bn, an increase of 6.7% from 2016. Total company comparable store sales for 2017 increased 6.8%, with sales for US stores up 6.9% for the year.
Earnings per diluted share in 2017 were $7.29, compared to $6.45 in 2016, an increase of 13%.
"Our ongoing commitment to enhance the interconnected retail experience for our customers, provide localized and innovative product, and deliver best in class productivity resulted in record sales and net earnings for 2017," CEO and chairman Craig Menear said.
The Home Depot has 2,284 stores in the US, Puerto Rico, Guam, Canada and Mexico and employs more than 400,000 people.