Atlanta-based industrial distributor HD Supply Holdings Inc. (Nasdaq:HDS) reported sales in August were $720 million, $690 million in September and $885 million in October.
October sales are preliminary.
The fiscal 2013 year-over-year monthly net sales growth was 6.5 percent, 8.1 percent and an estimated 6.5 percent in August, September and October, respectively.
Excluding the impact of acquisitions and the Crown Bolt and The Home Depot Inc. contract amendment, fiscal 2013 year-over-year monthly net sales growth was 5.8 percent, 7.3 percent and an estimated 5.8 percent in August, September and October, respectively.
"Our preliminary estimate for third-quarter sales reflects solid execution in the midst of market uncertainties," said Joe DeAngelo, CEO of HD Supply. "Our sales growth continues to outpace our estimates of market growth, despite continued sluggishness in nonresidential, increased softness in utility and increased uncertainty in municipal end-markets, all of which we expect to be a headwind for the remainder of our fiscal year.”
