HD Supply Hits $12.07B in 2006 - Modern Distribution Management

Log In

HD Supply Hits $12.07B in 2006


HD Supply reported sales of $12.07 billion in fiscal 2006, an increase of 161.6% over 2005. Most of that growth was driven by the almost $4 billion in acquisitions made in the past year.


&nbsp ;


HD Supply bought diversified distributor Hughes Supply last year at a premium of $3.4 billion. Hughes had sales of $5.4 billion in 2005.


&nbsp ;


In 2006, the retail division had sales of $79 billion, up 2.6%.


&nbsp ;


Overall, sales at The Home Depot were $90.8 billion, 11.4% over last year, with profit at $5.8 billion. Comparable store sales for the year were down 2.8%.


&nbsp ;


In the fourth quarter 2006, sales for HD Supply grew by 64.4% to $2.9 billion, reflecting sales from acquisitions.


&nbsp ;


Home ...
Author
Date

HD Supply reported sales of $12.07 billion in fiscal 2006, an increase of 161.6% over 2005. Most of that growth was driven by the almost $4 billion in acquisitions made in the past year.


&nbsp ;


HD Supply bought diversified distributor Hughes Supply last year at a premium of $3.4 billion. Hughes had sales of $5.4 billion in 2005.


&nbsp ;


In 2006, the retail division had sales of $79 billion, up 2.6%.


&nbsp ;


Overall, sales at The Home Depot were $90.8 billion, 11.4% over last year, with profit at $5.8 billion. Comparable store sales for the year were down 2.8%.


&nbsp ;


In the fourth quarter 2006, sales for HD Supply grew by 64.4% to $2.9 billion, reflecting sales from acquisitions.


&nbsp ;


Home Depot had a slow fourth quarter, with profit falling 28% to $925 million from $1.3 billion last year, thanks to a slowing housing market. Sales in the fourth quarter were $20.3 billion overall, up just 4%. Comparable store sales dropped 6.6%.


&nbsp ;


Reflecting the challenging housing market, our 2006 retail results were disappointing, said CEO Frank Blake. We may not be able to impact the housing market or general economic conditions, but we know that we can improve our performance relative to our overall market share. That will be a central point of emphasis for us in 2007 and beyond.”


&nbsp ;


Blake has in recent weeks promised to refocus on the retail business. Home Depot announced it would consider “strategic alternatives” for its HD Supply business, including a possible sale of the wholesale division.


&nbsp ;


At the end of the fourth quarter, Home Depot operated 2,147 retail stores, including 1,872 U.S., 155 in Canada, 61 in Mexico, and 12 in China. The company also operates 34 EXPO Design Center locations, 11 Landscape Supply stores, and two HD Floor Stores. Its wholesale division has about 1,000 locations in the U.S. and Canada.


&nbsp ;


Watch mdm.com for coverage of Home Depot’s annual investor conference, Feb. 28.


&nbsp ;


Related Links:


HD to Evaluate “Strategic Alternatives” for HD Supply Business &nbsp ;
Home Depot Reaches $81.5B in Sales in 2005
&nbsp ;


More Breaking News

Share this article

About the Author
Recommended Reading
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.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

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

Subscribe to continue reading

MDM Premium Subscribers 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.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.