Insight Report 3 minutes Premium

Home Depot (HD) 3Q17 Results: Beats on Earnings and Same-Store Sales, Boosted by Hurricanes; Raises FY17 Guidance

Executive Summary

  • Home Depot reported 3Q17 adjusted EPS of $1.84, up 15% from the year-ago quarter and beating the $1.82 consensus estimate. Total revenues were $25.03 billion versus consensus expectations of $24.54 billion and were up 8.1% year over year.
  • Comps rose by 7.9% during the quarter, beating the 5.7% consensus estimate. US comps were up 7.7% in the quarter. Total comps were driven by a 5.1% increase in average ticket and a 2.7% increase in customer transactions.
  • The company raised its FY17 revenue guidance from 5.3% to 6.3% growth, implying revenues of $100.55 billion versus the $99.94 billion consensus estimate. Management expects full-year comp growth of 6.5%, up from 5.5% previously and above the 5.8% consensus estimate.
You are currently viewing a preview of this report.

Please select an access option to view the full report. Hide 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