6309 Monarch Park Place, Suite 203
Niwot, CO 80503, USA
Phone (303) 443-5060
Toll free (888) 742-5060
HD Supply, Inc., Atlanta, GA, reported sales for the fiscal year ended Feb. 3, 2013, were $8 billion, up 14.3 percent over fiscal year 2011. Excluding the extra week in fiscal year 2012, sales increased 12.2 percent. The company recorded a net loss for the fiscal year of $1.2 billion, including a $152 million impairment charge and $709 million in losses on extinguishment of debt.
For the fourth quarter, sales were $2 billion, up 20.7 percent over the prior year same period. Excluding the extra week in the fourth quarter, sales were up 11.7 percent. Net loss for the fourth quarter of fiscal 2012 was $713 million.
HD Supply Holdings, Inc., Atlanta, GA, the indirect parent of HD Supply, Inc., has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The company expects to use the proceeds from the proposed offering to repay, redeem, repurchase or otherwise acquire or retire certain of the outstanding indebtedness of HD Supply, Inc., and for general corporate purposes.
BofA Merrill Lynch, Barclays, J.P. Morgan Securities LLC, and Credit Suisse Securities (USA) LLC are listed as lead underwriters for the offering.