The 2020 Mid-Year Economic Update_long

HD Supply Sales Up 6% in 1Q

White cap division sales up 13 percent year-over-year.

HD Supply Holdings Inc. (NASDAQ: HDS), Atlanta, GA, reported sales for the fiscal first quarter ended May 3 of $2.2 billion, an increase of 6 percent year-over-year. Profit was $242 million for the quarter, compared to a loss of $12 million in the first quarter the previous year.

"Despite adverse weather and a challenging environment, we remained focused on controllable execution to deliver profitable growth in excess of our market growth estimates while keeping our teams safe," said CEO Joe DeAngelo.

First-quarter sales for Facilities Maintenance were up 5 percent year-over-year to $635 million. Waterworks sales were up 3 percent to $570 million and Power Solutions sales increased 8 percent to $499 million. White Cap sales increased 13 percent to $388 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.