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Comparable sales shine at Home Depot

Published 02/20/2018, 07:03 AM
© Reuters. Comparable sales shine at Home Depot
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  • Home Depot (NYSE:HD) reports a sizzling 7.5% rise in comparable sales during Q4 to fly past the consensus mark of 6.5%. The U.S. comp during the quarter was +7.2%.
  • Operating expenses were 6.0% of sales during the quarter vs. 4.2% a year ago on higher SG&A spending.
  • Operating income came in at 9.0% of sales vs. 9.3% a year ago.
  • "Our ongoing commitment to enhance the interconnected retail experience for our customers, provide localized and innovative product, and deliver best in class productivity resulted in record sales and net earnings for 2017," says CEO Carig Menear.
  • The retailer expects sales growth of 6.5% in FY18 and comparable sales growth of 5.0%. Guidance for full-year EPS is set at $9.31. On a longer timeframe, Home Depot expects total sales ranging from approximately $115B to $120B in FY20 and an operating margin rate of 14.4% to 15.0% of sales.
  • Shares of Home Depot are up 0.02% premarket to $187.00.
  • Now read: Home Depot: Upside Ahead


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