Gross profit also rose by 22.2% to $572 million. Operating income soared 27.% to $149 million in the quarter.
In the three-month period, HD Supply Holdings turned to a profit of $92 million, earning $101 million more than last year’s loss of $9 million. Net income was 52 cents per diluted share, compared to a five-cent loss a year ago.
Adjusted EBITDA jumped 23% to $187 million, with the extra 14th week adding about $13 million more.
Adjusted net income climbed 35.2% to $123 million, while adjusted earnings soared 42.9% to 70 cents per diluted share — beating market estimates.
As of Feb. 3, 2019, HD Supply’s combined liquidity was $589 million — $38 million in cash and cash equivalents and $551 million of additional available borrowings under its senior asset-based lending facility.