Operating revenues for the first quarter were $773.5 million compared to $659.4 million in the prior year first quarter, an increase of $114.1 million or 17.3%. Excluding $11.4 million of unfavorable foreign currency exchange rate changes and $1.8 million of selected exited operations, revenues increased $127.2 million, or 19.3%. The increase in revenue was primarily attributable to acquisitions2 partially offset by ongoing declines in print advertising and circulation demand. GAAP net loss for the first quarter was $2.1 million, including $17.8 million of after-tax restructuring, acquisition, severance, asset impairment, facility consolidation and other related costs. Approximately $8.8 million of these charges were non-cash asset impairments, accelerated depreciation and facility consolidation charges. Adjusted EBITDA for the quarter was $69.7 million, compared to $80.4 million in the prior year first quarter. click Read More below for additional detail
The Home Depot®, the world’s largest home improvement retailer, today reported sales of $28.3 billion for the first quarter of fiscal 2020, a 7.1 percent increase from the first quarter of fiscal 2019. Comparable sales for the first quarter of fiscal 2020 were positive 6.4 percent, and comparable sales in the U.S. were positive 7.5 percent.
Net earnings for the first quarter of fiscal 2020 were $2.2 billion, or $2.08 per diluted share, compared with net earnings of $2.5 billion, or $2.27 per diluted share, in the same period of fiscal 2019. For the first quarter of fiscal 2020, diluted earnings per share decreased 8.4 percent from the same period in the prior year.
details at: https://ir.homedepot.com/news-releases/2020/05-19-2020-110030159