Company Earnings Update 3 minutesRegister for Free AccessHome Depot (HD) 2Q17 Results: Highest Quarterly Sales in Company History Coresight Research August 16, 2017 Executive Summary Home Depot reported 2Q17 EPS of $2.25, up 14% from the year-ago quarter and beating the $2.21 consensus estimate. Total revenues for 2Q17 were $28.1 billion, versus expectations of $27.8 billion, and were up 6.2% year over year. The results represent the highest quarterly sales and net earnings in the company’s history. Comps rose by 6.3% during the quarter, beating the 4.9% consensus estimate. US comps were up 6.6% in the quarter. Total comps were driven by a 3.6% increase in average ticket and a 2.6% increase in customer transactions. All merchandising departments posted positive comps, with lumber, electrical, tools and flooring registering double-digit comps in the quarter. Management increased its FY17 guidance for net revenues, which it now expects to increase by 5.3%, versus the 5.1% consensus estimate. Management expects full-year comp growth of 5.5%, versus the consensus estimate of 5.1%. Home Depot raised its FY17 EPS guidance from $7.15 to $7.29, citing expected stock repurchases of $7 billion; consensus calls for full-year EPS of $7.28. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 15: Closures Up in US and UKMarket Outlook: US CPG—Growth Led by Price Hikes Amid Macroeconomic VolatilityShoptalk Europe 2024 Startup Pitch Competition: Innovator ProfilesAmazon Prime Day India 2024: Preview—Setting Up for Success with Fast Fulfillment and Affordable Access