Home Depot (HD) Tops Q1 EPS by 8c, U.S. Comps Rise 3%; Reaffirms FY19
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Home Depot (NYSE: HD) reported Q1 EPS of $2.27, $0.08 better than the analyst estimate of $2.19. Revenue for the quarter came in at $26.4 billion versus the consensus estimate of $26.39 billion.
Comparable sales for the first quarter of fiscal 2019 were positive 2.5 percent, and comparable sales in the U.S. were positive 3.0 percent.
"We were pleased with the underlying performance of the core business despite unfavorable weather in February and significant deflation in lumber prices compared to a year ago," said Craig Menear, chairman, CEO and president.
""Looking ahead, we remain excited about the momentum we are seeing with our strategic investments. As a result of these initiatives, and the current macroeconomic and housing backdrop, today we are reaffirming our sales and earnings guidance for fiscal 2019. I would like to thank our associates for their hard work and continued dedication to our customers."
Home Depot sees FY2019 EPS of $10.03, versus the consensus of $10.09.
The Company reaffirmed its guidance for fiscal 2019, a 52-week year compared to fiscal 2018, a 53-week year. The Company expects its fiscal 2019 sales to grow by approximately 3.3 percent and comp sales for the comparable 52-week period to be up approximately 5.0 percent. The Company also reaffirmed its diluted earnings-per-share growth guidance for the year and expects diluted earnings-per-share growth of approximately 3.1 percent from fiscal 2018 to $10.03.
For earnings history and earnings-related data on Home Depot (HD) click here.
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