Home Depot raises guidance on strong 2Q
August 16, 2011,
EPS was 86 cents, with net earnings of $1.4 billion. Sales rose 4.2% to $20.2 billion, and comps increased 3.5%.
"Our second-quarter results were driven by a rebound in our seasonal business, storm-related repairs and strength in our core categories," said Frank Blake, chairman and ceo. Home Depot now expects fiscal year EPS from continuing operations to be up approximately 16% to $2.34.