Home Depot (HD) Misses Q1 EPS by 18c, Revenues Beat; Suspending FY20 Guidance, 'Sales Were Strong at End of 1Q'
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The Home Depot Announces First Quarter Results; Supports Associates with Approximately $850 Million of Expanded Benefits; Suspends 2020 Business Outlook; Declares Quarterly Dividend of $1.50 Per Share
May 19, 2020 6:00 AM EDTATLANTA, May 19, 2020 /PRNewswire/ -- The Home Depot®, the world's largest home improvement retailer, today reported sales of $28.3 billion for the first quarter of fiscal 2020, a 7.1 percent increase from the first quarter of fiscal 2019. Comparable sales for the first quarter of fiscal 2020 were positive 6.4 percent, and comparable sales in the U.S. were positive 7.5 percent.
