Atlanta, Georgia-based home improvement retailer The Home Depot Inc (HD) posted its fourth-quarter 2018 results on Feb. 26, before the opening bell.
Sales jumped 10.9% to $26.5 billion in the three-month period, while comp sales grew 3.2%. US comp sales rose by 3.7%.
Net earnings grew 31.8% to $2.34 billion. Diluted earnings jumped 37.5% to $2.09 a share.
Net earnings were hit by a pre-tax charge of about $247 million due to impairment losses regarding certain trade names at Interline Brands.
Analysts expected earnings of $2.16 a share on revenue of about $26.5 billion in the quarter.
LOOKING TO FISCAL 2019
Home Depot expects comp sales growth of about 5% for fiscal 2019, with sales growth of about 3.3%.
Five new stores are expected to open in the year, with gross margin of about 34%.
Earnings is expected to grow 3.1% to about $10.03 per diluted share.
We’re on Apple News! Follow us to receive the latest stock market, earnings, and financial news at your fingertips
Most Popular
Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
After weak start to 2023, Apple (AAPL) sees some bright spots
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5
