The Home Depot Announces First Quarter Results; Supports Associates with Approximately $850 Million of Expanded Benefits; Suspends 2020 Business Outlook; Declares Quarterly Dividend of $1.50 Per Share

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Go back to The Home Depot Announces First Quarter Results; Supports Associates with Approximately $850 Million of Expanded Benefits; Suspends 2020 Business Outlook; Declares Quarterly Dividend of $1.50 Per Share

Home Depot (HD) Misses Q1 EPS by 18c, Revenues Beat; Suspending FY20 Guidance, 'Sales Were Strong at End of 1Q'

May 19, 2020 6:04 AM EDT

Home Depot (NYSE: HD) reported Q1 EPS of $2.08, $0.18 worse than the analyst estimate of $2.26. Revenue for the quarter came in at $28.26 billion versus the consensus estimate of $27.28 billion.

Comparable sales for the first quarter of fiscal 2020 were positive 6.4 percent, and comparable sales in the U.S. were positive 7.5 percent.

"As the COVID-19 pandemic evolved, we anchored to the core values of our Company by focusing on two key priorities: working to ensure the safety and well-being of our associates and customers, and providing our customers and communities with essential products. We took... More