HD Supply Sales Up 7.5% in 3Q - Modern Distribution Management

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HD Supply Sales Up 7.5% in 3Q

Year-to-date sales were up 5.5 percent year-over-year.

HD Supply Holdings Inc. (NASDAQ: HDS), Atlanta, GA, reported sales for the fiscal third quarter ended Oct. 29 of $1.4 billion, an increase of 7.5 percent compared to the same period a year ago. Profit was $452 million, compared to $60 million the in third quarter 2016. The increase was primarily due to the gain on the sale of the waterworks business.

Third-quarter sales for facilities maintenance were up 4.1 percent year-over-year to $754 million. Construction & industrial sales were up 11.8 percent to $617 million.

For the first nine months, sales for HD Supply were $3.9 billion, an increase of 5.5 percent compared to the same period a year ago. Profit was $979 million, compared to $144 million for the same period in 2016.

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