The Home Depot anuncia resultados del primer trimestre y aumenta su guía...

The Home Depot anuncia resultados del primer trimestre y aumenta su guía para el año fiscal 2013



COMPARTE ESTA NOTA

SPAN.prnews_span {
FONT-FAMILY: “Arial”; COLOR: black; FONT-SIZE: 8pt
}
A.prnews_a {
COLOR: blue
}
LI.prnews_li {
FONT-FAMILY: “Arial”; COLOR: black; FONT-SIZE: 8pt
}
P.prnews_p {
MARGIN: 0in; FONT-FAMILY: “Arial”; COLOR: black; FONT-SIZE: 0.62em
}
.prngen16 {
BORDER-BOTTOM: black 0.08em solid; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen5 {
BORDER-BOTTOM: 0.08em; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen22 {
BORDER-BOTTOM: 0.08em; TEXT-ALIGN: center; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.67em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen24 {
BORDER-BOTTOM: 0.08em; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.67em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen7 {
BORDER-BOTTOM: black 0.08em solid; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 1em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen21 {
BORDER-BOTTOM: 0.08em; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.67em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen3 {
BORDER-BOTTOM: 0.08em; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 1em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen26 {
BORDER-BOTTOM: black 0.17em double; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.67em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen13 {
BORDER-BOTTOM: 0.08em; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.33em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen19 {
BORDER-BOTTOM: black 0.17em double; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen12 {
BORDER-BOTTOM: black 0em; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 1em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen15 {
BORDER-BOTTOM: black 0.08em solid; TEXT-ALIGN: center; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen10 {
BORDER-BOTTOM: black 0.08em solid; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 1em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen4 {
BORDER-BOTTOM: black 0.08em solid; TEXT-ALIGN: center; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen6 {
BORDER-BOTTOM: 0.08em; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen8 {
BORDER-BOTTOM: 0.08em; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.83em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen23 {
BORDER-BOTTOM: black 0.08em solid; TEXT-ALIGN: right; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.67em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen11 {
BORDER-BOTTOM: black 0.17em double; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 1em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen17 {
BORDER-BOTTOM: black 0.08em solid; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen2 {
BORDER-BOTTOM: 0.08em; TEXT-ALIGN: center; BORDER-LEFT: 0.08em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prngen18 {
BORDER-BOTTOM: black 0em; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.5em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prngen25 {
BORDER-BOTTOM: black 0em; TEXT-ALIGN: right; BORDER-LEFT: black 0em; PADDING-LEFT: 0.5em; PADDING-RIGHT: 0.67em; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0em; BORDER-RIGHT: black 0em
}
.prnbb1 {
BORDER-BOTTOM: 0.08em
}
.prnbrb0 {
BORDER-RIGHT: black 0em
}
.prnpr6 {
PADDING-RIGHT: 0.5em
}
.prnvab {
VERTICAL-ALIGN: bottom
}
.prntar {
TEXT-ALIGN: right
}
.prnbl1 {
BORDER-LEFT: 0.08em
}
.prnbr1 {
BORDER-RIGHT: 0.08em
}
.prntal {
TEXT-ALIGN: left
}
.prnbt1 {
BORDER-TOP: 0.08em
}
.prntblns {
BORDER-BOTTOM: 0.08em; BORDER-LEFT: 0.08em; BORDER-TOP: 0.08em; BORDER-RIGHT: 0.08em
}
.prnpr10 {
PADDING-RIGHT: 0.83em
}
.prnblb0 {
BORDER-LEFT: black 0em
}
.prnind12 {
TEXT-INDENT: 1em; MARGIN: 0in
}
.prnbbs {
BORDER-BOTTOM: black 0.08em solid
}
.prnpl6 {
PADDING-LEFT: 0.5em
}
BODY {
FONT-FAMILY: “Arial”; COLOR: black; FONT-SIZE: 0.83em
}
A {
COLOR: blue
}
#divWide {
MARGIN: 1.33em 0px 0px
}
LI {
FONT-FAMILY: “Arial”; COLOR: black; FONT-SIZE: 10pt
}


ATLANTA, May 21, 2013 /PRNewswire/ — The Home Depot®, the world’s
largest home improvement retailer, today reported sales of $19.1 billion for the
first quarter of fiscal 2013, a 7.4 percent increase from the first quarter of
fiscal 2012. Due to the 14th week in the fourth quarter of fiscal 2012, first
quarter sales benefited from a seasonal timing change that added approximately
$574 million to sales. On a like for like basis, comparable store sales for the
first quarter of fiscal 2013 were positive 4.3 percent, and comp sales for U.S.
stores were positive 4.8 percent.

(Logo: http://photos.prnewswire.com/prnh/20030502/HOMEDEPOTLOGO )



Net earnings for the first quarter were $1.2 billion, or $0.83 per diluted
share, compared with net earnings of $1.0 billion, or $0.68 per diluted share,
in the same period of fiscal 2012. For the first quarter of fiscal 2013, diluted
earnings per share increased 22.1 percent from the same period in the prior
year.  


“In the first quarter, we saw less favorable weather compared to last year,
but we continue to see benefit from a recovering housing market that drove a
stronger-than-expected start to the year for our business,” said Frank Blake,
chairman & CEO. “I would like to thank our associates for their hard work
and commitment to our customers.”


Updated Fiscal 2013 Guidance 


Based on its year-to-date performance and outlook for the balance of the
year, the Company raised its fiscal 2013 sales guidance and now expects sales to
be up approximately 2.8 percent with comparable store sales up approximately 4.0
percent for the year. The Company raised its fiscal 2013 diluted
earnings-per-share guidance and now expects diluted earnings per share to be up
approximately 17 percent to $3.52 for the year. The Company’s fiscal 2013 sales
and earnings-per-share guidance is based on a 52-week year compared to fiscal
2012, a 53-week year.


The Company’s earnings-per-share guidance includes the benefit of its
year-to-date share repurchases and intent to repurchase $4.4 billion in
additional shares over the remainder of the year, which will bring the total
dollar amount of shares repurchased to $6.5 billion for the year.


The Home Depot will conduct a conference call today at 9 a.m. ET to discuss
information included in this news release and related matters. The conference
call will be available in its entirety through a webcast and replay at
earnings.homedepot.com.


At the end of the first quarter, the Company operated a total of 2,257 retail
stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin
Islands, Guam, 10 Canadian provinces and Mexico. The Company employs more than
300,000 associates. The Home Depot’s stock is traded on the New York Stock
Exchange (NYSE: HD) and is included in the Dow Jones industrial average and
Standard & Poor’s 500 index.


Certain statements contained herein constitute “forward-looking
statements” as defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may relate to, among other things, the demand for our
products and services, net sales growth, comparable store sales, state of the
economy, state of the residential construction, housing and home improvement
markets, state of the credit markets, including mortgages, home equity loans and
consumer credit, inventory and in-stock positions, commodity price inflation and
deflation, implementation of store and supply chain initiatives, continuation of
share repurchase programs, net earnings performance, earnings per share, capital
allocation and expenditures, liquidity, return on invested capital, management
of relationships with our suppliers and vendors, stock-based compensation
expense, the effect of accounting charges, the effect of adopting certain
accounting standards, the ability to issue debt on terms and at rates acceptable
to us, store openings and closures, expense leverage, guidance for fiscal 2013
and beyond and financial outlook.  Forward-looking statements are based on
currently available information and our current assumptions, expectations and
projections about future events. You should not rely on our forward-looking
statements. These statements are not guarantees of future performance and are
subject to future events, risks and uncertainties – many of which are beyond our
control or are currently unknown to us – as well as potentially inaccurate
assumptions that could cause actual results to differ materially from our
expectations and projections. These risks and uncertainties include but are not
limited to those described in Item 1A, “Risk Factors,” and elsewhere in our
Annual Report on Form 10-K for our fiscal year ended February 3, 2013 and in our
subsequent Quarterly Reports on Form 10-Q.


Forward-looking statements speak only as of the date they are made, and we
do not undertake to update these statements other than as required by law. You
are advised, however, to review any further disclosures we make on related
subjects in our periodic filings with the Securities and Exchange
Commission.


 

















































































































































































































































































































































































 


THE HOME DEPOT, INC. AND
SUBSIDIARIES


CONSOLIDATED STATEMENTS OF
EARNINGS


FOR THE THREE MONTHS ENDED
MAY 5, 2013 AND APRIL 29, 2012


(Unaudited)


(Amounts in Millions Except
Per Share Data and as Otherwise Noted)


 



Three Months
Ended





May 5,


2013



April 29,


2012



% Increase


(Decrease)


NET SALES


$


19,124




$


17,808




7.4%



Cost of Sales


12,445




11,625




7.1



GROSS
PROFIT


6,679




6,183




8.0












Operating
Expenses:







Selling, General and
Administrative


4,183




4,086




2.4



Depreciation and
Amortization


402




383




5.0



Total Operating
Expenses


4,585




4,469




2.6












OPERATING
INCOME


2,094




1,714




22.2












Interest and Other (Income)
Expense:







Interest and Investment
Income


(3)




(5)




(40.0)



Interest Expense


164




156




5.1



Other





(67)




(100.0)



Interest and Other,
net


161




84




91.7












EARNINGS BEFORE PROVISION FOR
INCOME TAXES


1,933




1,630




18.6



Provision for Income
Taxes


707




595




18.8









NET
EARNINGS


$


1,226




$


1,035




18.5%









Weighted Average Common
Shares


1,468




1,522




(3.5)%



BASIC EARNINGS PER
SHARE


$


0.84




$


0.68




23.5









Diluted Weighted Average Common
Shares


1,478




1,531




(3.5)%



DILUTED EARNINGS PER
SHARE


$


0.83




$


0.68




22.1










Three Months
Ended




SELECTED
HIGHLIGHTS


May 5,


2013



April 29,


2012



% Increase


(Decrease)


Number of Customer
Transactions


337.1




328.9




2.5%



Average Ticket
(actual)


$


57.24




$


54.51




5.0



Weighted Average Weekly Sales
per Operating Store (in thousands)


$


658




$


612




7.5



Square Footage at End of
Period


235




236




 


(0.4)



Capital
Expenditures


$


278




$


228




21.9



Depreciation and Amortization
(1)


$


435




$


410




6.1%



 —————


(1) Includes depreciation of distribution centers and tool rental
equipment included in Cost of Sales and amortization of deferred financing costs
included in Interest Expense.


 




































































































































































































































































 


THE HOME DEPOT, INC. AND
SUBSIDIARIES


CONSOLIDATED BALANCE
SHEETS


AS OF MAY 5, 2013, APRIL 29,
2012 AND FEBRUARY 3, 2013


(Unaudited)


(Amounts in
Millions)


 



May 5,


2013



April 29,


2012



February 3,


2013


ASSETS







Cash and Cash
Equivalents


$


4,337




$


3,191




$


2,494



Receivables, net


1,658




1,519




1,395



Merchandise
Inventories


11,825




11,582




10,710



Other Current
Assets


800




1,060




773



Total Current
Assets


18,620




17,352




15,372












Property and Equipment,
net


23,906




24,371




24,069



Goodwill


1,187




1,139




1,170



Other Assets


482




438




473



TOTAL
ASSETS


$


44,195




$


43,300




$


41,084









LIABILITIES AND STOCKHOLDERS’
EQUITY







Accounts Payable


$


7,384




$


7,135




$


5,376



Accrued Salaries and Related
Expenses


1,264




1,263




1,414



Current Installments of
Long-Term Debt


1,332




33




1,321



Other Current
Liabilities


4,038




3,668




3,351



Total Current
Liabilities


14,018




12,099




11,462












Long-Term Debt, excluding
current installments


11,460




10,792




9,475



Other Long-Term
Liabilities


2,324




2,434




2,370



Total Liabilities


27,802




25,325




23,307





Total Stockholders’
Equity


16,393




17,975




17,777



TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY


$


44,195




$


43,300




$


41,084



 










































































































































































































 


THE HOME DEPOT, INC. AND
SUBSIDIARIES


CONDENSED CONSOLIDATED
STATEMENTS OF CASH FLOWS


FOR THE THREE MONTHS ENDED
MAY 5, 2013 AND APRIL 29, 2012


(Unaudited)


(Amounts in
Millions)


 



Three Months
Ended



May 5,


2013



April 29,


2012


CASH FLOWS FROM OPERATING
ACTIVITIES:





Net Earnings


$


1,226




$


1,035



Reconciliation of Net Earnings
to Net Cash Provided by Operating Activities:





Depreciation and
Amortization


435




410



Stock-Based Compensation
Expense


65




58



Changes in Working Capital and
Other


971




987



Net Cash Provided by Operating
Activities


2,697




2,490



CASH FLOWS FROM INVESTING
ACTIVITIES:





Capital
Expenditures


(278)




(228)



Payments for Business Acquired,
net


(13)






Proceeds from Sales of Property
and Equipment


15




7



Net Cash Used in Investing
Activities


(276)




(221)



CASH FLOWS FROM FINANCING
ACTIVITIES:





Proceeds from Long-Term
Borrowings, net of discount


1,994






Repayments of Long-Term
Debt


(8)




(7)



Repurchases of Common
Stock


(2,196)




(1,131)



Proceeds from Sales of Common
Stock


64




412



Cash Dividends Paid to
Stockholders


(577)




(444)



Other


134




87



Net Cash Used in Financing
Activities


(589)




(1,083)









Change in Cash and Cash
Equivalents


1,832




1,186









Effect of Exchange Rate Changes
on Cash and Cash Equivalents


11




18



Cash and Cash Equivalents at the
Beginning of the Period


2,494




1,987











Cash and Cash Equivalents at the
End of the Period


$


4,337




$


3,191



 


SOURCE  The Home Depot

The Home Depot anuncia resultados del primer trimestre y aumenta su guía para el año fiscal 2013