Home Depot (HD) Tops Q1 EPS by 79c, Revenues Beat; Comp. Sales Up 31%
Home Depot (NYSE: HD) reported Q1 EPS of $3.86, $0.79 better than the analyst estimate of $3.07. Revenue for the quarter came in at $37.5 billion versus the consensus estimate of $34.89 billion.
- Sales of $37.5 billion for the first quarter of fiscal 2021, an increase of $9.2 billion, or 32.7 percent from the first quarter of fiscal 2020. Comparable sales for the first quarter of fiscal 2021 increased 31.0 percent, and comparable sales in the U.S. increased 29.9 percent.
- Net earnings for the first quarter of fiscal 2021 were $4.1 billion, or $3.86 per diluted share, compared with net earnings of $2.2 billion, or $2.08 per diluted share, in the same period of fiscal 2020.
- For the first quarter of fiscal 2021, diluted earnings per share increased 85.6 percent from the same period in the prior year.
"Fiscal 2021 is off to a strong start as we continue to build on the momentum from our strategic investments and effectively manage the unprecedented demand for home improvement projects," said Craig Menear, chairman and CEO. "I am proud of the resilience and strength our associates have continued to demonstrate, and I would like to thank them and our supplier partners for their hard work and dedication to our customers."
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