Home Depot Reports Big Jump in Profit

The Home Depot Inc., North America's largest home improvement store chain, is reporting a more than 23 per cent jump in fourth-quarter profit on a solid increase in sales.

Home Depot ended its fiscal year with 2,042 stores in the United States, Canada and Mexico. It has announced plans to expand to China, but has not said how many stores it will open there or when it will open its first store.