HD reports Q4 and fiscal 2014 sales
Reports 2014 sales of $83.2 billion, 5.5 percent up for the year.
The Home Depot Announces Fourth Quarter & Fiscal 2014 Results; Announces $18 Billion Share Repurchase Authorization; Increases Quarterly Dividend By 26 Percent And Provides Fiscal 2015 Guidance
The Home Depot today reported sales of $19.2 billion for the fourth quarter of fiscal 2014, an 8.3 percent increase from the fourth quarter of fiscal 2013.
Comparable store sales for the fourth quarter of fiscal 2014 were positive 7.9 percent, and comp sales for U.S. stores were positive 8.9 percent.
Net earnings for the fourth quarter of fiscal 2014 were $1.4 billion, or $1.05 per diluted share, compared with net earnings of $1.0 billion, or $0.73 per diluted share, in the same period of fiscal 2013.
For the fourth quarter of fiscal 2014, diluted earnings per share increased 43.8 percent from the same period in the prior year.
Fourth quarter of fiscal 2014 results reflect a pretax gain on sale of $111 million, or $0.05 per diluted share, related to the sale of a portion of the Company's equity ownership in HD Supply Holdings, Inc. Adjusting for the gain on sale, diluted earnings per share were $1.00 for the fourth quarter of fiscal 2014, up 37.0 percent from the same period in the prior year.
Fiscal 2014 results
Sales for fiscal year 2014 were $83.2 billion, an increase of 5.5 percent from fiscal year 2013. Total company comparable store sales for fiscal year 2014 increased 5.3 percent, and comp sales for U.S. stores were positive 6.1 percent for the year.
Earnings per diluted share in fiscal year 2014 were $4.71, compared to $3.76 per diluted share in fiscal year 2013, an increase of 25.3 percent.
Fiscal 2014 results reflect a pretax gain on sale of $323 million, or $0.15 per diluted share, related to the sale of a portion of the Company's equity ownership in HD Supply Holdings, Inc.
Fiscal 2014 results also reflect a pretax net expense of $33 million, or $0.02 per diluted share, related to the Company's 2014 data breach, of which $5 million was recognized in the fourth quarter.
"We had a strong finish to the year, as strength across the store, the recovering U.S. housing market and solid execution aided our business in 2014," said Craig Menear, chairman, CEO and president. "I'd like to thank our associates for their hard work and commitment to our customers."
CONTRACTOR SUPPLY MAGAZINE
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