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Home Depot: Q1 misses consensus

( - Home Depot has reported Q1 earnings of 2.
2 billion dollars, meaning EPS that is down 8.4% at 2.08 dollars, therefore missing the consensus by about fifteen cents.

The home improvement chain generated revenue of 28.3 billion dollars, up 7.1% in gross terms and up 6.4% on a comparable basis. In the US alone, its revenues increased by 7.5% on a comparable basis.

While the group boasts strong sales momentum over the first two weeks of the current quarter, Home Depot has withdrawn its FY targets, given uncertainties regarding the duration of the health crisis and its economic impact.

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