Insight Report 2 minutes PremiumHome Depot (HD) 1Q16 Results: Upside to 1Q, but Results Decelerated Throughout the Period Coresight Research May 17, 2016 Executive Summary Home Depot reported adjusted 1Q16 EPS of $1.44 versus the consensus estimate of $1.35. Total revenue was $22.76 billion versus expectations of $22.38 billion. Comps were up 6.5% versus consensus of 5.2%. Comps for US stores were up 7.4%. By month, comps were strongest in February (up 10.2%), followed by March (up 6.7%) and then April (up 4.3%). Management noted that demand spikes in week-to-week results were driven by variability in the weather. The company estimates that favorable weather added $250 million to sales in the US. Management raised its full-year EPS guidance to $6.27 from $6.12–$6.18 previously; consensus is for EPS of $6.22. Total revenue is expected to increase by 6.3%, versus prior guidance of 5.1%–6%, and to total $94.1 billion, above consensus of $93.82 billion. Comps are projected to increase by 4.9% versus prior guidance of 3.7%–4.5% and compared to consensus of 4.7%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: February 2023 UK Retail Sales: Total Sales Post Strongest Growth in a YearSeptember 2023 US Retail Traffic and In-Store Metrics: Shopper Yield Decline Softens Despite Negative Trends in Store-Based Sales and TrafficShoptalk 2023 Day Two: AI Takes Center StageEarnings Insights 4Q23, Week 6: BJ’s, JD.com, Ross and Others Record Strong Performances; Big Lots and Kroger Witness Declines