HD Supply Holdings, Inc. reports fiscal 2014 second quarter results
HD Supply Holdings, Inc. reported net sales for the second quarter of fiscal 2014 ended August 3, 2014 of $2.4 billion, an increase of $210 million, or 9 percent, as compared to the second quarter of fiscal 2013. The second quarter performance represents the 17th consecutive quarter of year-over-year average daily sales growth. The company believes its sales performance represents growth of approximately 600 basis points in excess of its market growth estimate.
“I am very pleased with our execution in the second quarter,” stated Joe DeAngelo, CEO of HD Supply. “We delivered strong organic sales and earnings growth and remain cautiously optimistic about what seems to be improving end markets.”