Customer transactions increased 2% for the quarter, while actual average ticket sales jumped 5.5%.
The company announced earlier that it expected the impact of the Tax Cuts and Jobs Act of 2017 to result in an additional net tax expense of about $150 million. The provisional amount recorded in the quarter was $127 million.
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FY 2018 Outlook
The home improvement retailing giant sees sales growth of about 6.5% including the 53rd week and comparable store sales growth of about 5% for the 52-week period. As for sales, Home Depot expects $1.6 billion in total sales for the 53 weeks in fiscal 2018.