HD Supply Reports Q3 2013 Sales
Company reports 5.8-plus percent monthly sales increases over 2012.
HD Supply Holdings, Inc. today reported fiscal 2013 monthly net sales of $720 million in August, $690 million in September and an estimated $885 million in October.
The October net sales are preliminary estimates. Monthly net sales for the same periods in fiscal 2012 were $676 million in August, $639 million in September and $831 million in October. The fiscal 2013 year-over-year monthly net sales growth was 6.5%, 8.1% and an estimated 6.5% in August, September and October, respectively.
Excluding the impact of acquisitions and the Crown Bolt and The Home Depot, Inc.
contract amendment, fiscal 2013 year-over-year monthly net sales growth was 5.8%, 7.3% and an estimated 5.8% in August, September and October, respectively. Our fiscal months for August, September and October in both years included four weeks, four weeks and five weeks, respectively.
"Our preliminary estimate for third quarter sales reflects solid execution in the midst of market uncertainties," said Joe DeAngelo, CEO of HD Supply. "Our sales growth continues to outpace our estimates of market growth, despite continued sluggishness in non-residential, increased softness in utility and increased uncertainty in municipal end-markets, all of which we expect to be a headwind for the remainder of our fiscal year. As we navigate through these market conditions, our focus remains on controllable execution. We will invest for growth while at the same time reducing costs across our businesses, enabling us to continue strengthening our leadership positions in our attractive markets."
For more information, visit www.hdsupply.com.
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