Home Depot (HD) Tops Q2 EPS by 21c, Beats on Revenues; Lifts FY18 EPS Growth Guidance

(Updated - August 14, 2018 6:13 AM EDT)

Home Depot (NYSE: HD) reported Q2 EPS of $3.05, $0.21 better than the analyst estimate of $2.84. Revenue for the quarter came in at $30.46 billion versus the consensus estimate of $30.01 billion.

"We were very pleased with our record second quarter sales and earnings. Not only did our seasonal business rebound from the first quarter, but our overall results exceeded our expectations," said Craig Menear, chairman, CEO and president. "These results exemplify the outstanding execution of our combined team of store associates, merchants, suppliers and supply chain."

GUIDANCE:

Based on its year-to-date performance, the Company updated its fiscal 2018 sales growth guidance and now expects sales will be up approximately 7.0 percent including the 53rd week, with comp sales growth of approximately 5.3 percent for the comparable 52-week period. The Company also raised its diluted earnings-per-share growth guidance for the year and now expects diluted earnings-per-share growth of approximately 29.2 percent from fiscal 2017 to $9.42. The Company's diluted earnings-per-share growth guidance includes $6 billion of share repurchases for fiscal 2018.

For earnings history and earnings-related data on Home Depot (HD) click here.

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