Home Depot (HD) Tops Q1 EPS by 1c; Boosts FY15 Outlook

Home Depot (NYSE: HD) reported Q1 EPS of $1.16, $0.01 better than the analyst estimate of $1.15. Revenue for the quarter came in at $20.9 billion versus the consensus estimate of $20.82 billion.

*** First quarter of fiscal 2015 results reflect a benefit to earnings of $71 million, or $0.05 per diluted share, primarily attributable to the settlement of a tax audit. Inclusive of the benefit, GAAP EPS would have been $1.21.

Comparable store sales for the first quarter of fiscal 2015 were positive 6.1 percent, and comp sales for U.S. stores were positive 7.1 percent.

Home Depot now sees FY2015 EPS of $5.24 - $5.27, versus the consensus of $5.23. Based on its year-to-date performance, the Company raised its fiscal 2015 sales guidance and now expects sales will be up approximately 4.2 percent to 4.8 percent and comp sales will be up approximately 4.0 percent to 4.6 percent.

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

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