Company Earnings Update 3 minutesRegister for Free AccessHome Depot (HD) 1Q17 Results: Company’s Momentum Continues Coresight Research May 17, 2017 Executive Summary Home Depot reported 1Q17 EPS of $1.67, up 16% from the year-ago quarter and beating the $1.61 consensus estimate. Total revenues for 1Q17 were $23.89 billion versus expectations of $23.73 billion, and were up 4.9% year over year. Comps rose by 5.5% during the quarter, beating the 4.4% consensus estimate. US comps were up 6% in the quarter. Total comps were driven by a 3.9% increase in average ticket and a 1.5% increase in customer transactions. All merchandising departments posted positive comps, led by appliances, lumber and flooring, all of which posted double-digit comp growth. Management reiterated its FY17 guidance for net revenues to increase by 4.6%, to about $96.16 billion. The company expects full-year comp growth of 4.6%. The consensus estimate calls for sales growth of 4.8% and comp growth of 4.8%. Home Depot raised its FY17 EPS guidance to $7.15 from $7.13, citing expected stock repurchases of $5 billion; consensus calls for full-year EPS of $7.20. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Increased Avoidance of Public Places: China Consumer Survey InsightsUS Store Tracker Extra, August 2023: Retailers To Open 78 Million Square Feet of New Retail Space This YearInsights Video: Exclusive Insights from CES 2024 and NRF 2024: Retail’s Big Show—Premium Subscriber CallUS Store Tracker Extra, April 2024: Ross Stores To Open 2+ Million Square Feet of Retail Space