The 2020 Mid-Year Economic Update_long

HD Supply 1Q Sales Down 5.7%

First quarter net loss for the diversified wholesale distributor was $202 million.

HD Supply, Atlanta, GA, reported sales for the first quarter of fiscal 2010 were $1.8 billion, a decline of 5.7 percent compared to the first quarter of fiscal 2009. Net loss for the quarter was $202 million, compared to a year ago profit of $10 million.

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Excluding the 2010 and 2009 charges for valuation allowances and the 2009 gain from the debt extinguishment, net loss for the first quarter was $118 million, compared with a net loss of $111 million in the first quarter of fiscal 2009.

HD Supply is a wholesale distribution company, providing a broad range of products and services to professional customers in the infrastructure & energy, maintenance, repair & improvement and specialty construction markets.

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