Home Depot Sales Up 4.3% YOY in Second Quarter

Atlanta, GA, August 18, 2015—The Home Depot has reported sales of $24.8 billion for the second quarter of fiscal 2015, a 4.3% increase from the second quarter of fiscal 2014.

Net earnings for the second quarter of fiscal 2015 were $2.2 billion, or $1.73 per diluted share, compared with net earnings of $2.1 billion, or $1.52 per diluted share, in the same period of fiscal 2014.

Comparable store sales for the second quarter of fiscal 2015 were positive 4.2%, and comp sales for U.S. stores were positive 5.7%.

For the second quarter of fiscal 2015, diluted earnings per share increased 13.8% from the same period in the prior year.

Based on its year-to-date performance and to reflect the planned completion of the acquisition of Interline Brands, Inc., the company raised its fiscal 2015 sales guidance and now expects sales will grow in a range of approximately 5.2% to 6.0%, and comp sales will grow in a range of approximately 4.1% to 4.9%.

The company also raised its diluted earnings-per-share guidance for the year and now expects diluted earnings per share to grow in a range of approximately 13% to 14% from fiscal 2014 to $5.31 to $5.36.