Home Depot Inc Q1 2021 Earnings Call Summary - Thomson StreetEvents

Home Depot Inc Q1 2021 Earnings Call Summary

Home Depot Inc Q1 2021 Earnings Call Summary - Thomson StreetEvents
Home Depot Inc Q1 2021 Earnings Call Summary
Published May 18, 2021
22 pages (10895 words) — Published May 18, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of HD.N earnings conference call or presentation 18-May-21 1:00pm GMT

  
Brief Excerpt:

...FY21 is off to strong start. 1. Grew business by over $9b YoverY. a. 2. Sales $37.5b. Up 32.7% YoverY. a. b. Comp sales up 31% YoverY. c. US stores had positive comp of 29.9%. 3. Diluted EPS: 1Q21 $3.86. a. b. 1Q20 $2.08. 4. Results were once again driven by broad-based strength across business and geographies. All top 40 markets posted double-digit comps. a. Canada posted comps above Co. avg. i. ii. Mexico posted double digit comps. b. Ticket and transactions were up double digits. c. Saw strong double-digit growth from Pro and DIY customers. 5. Continues to effectively manage outsized demand for home improvement products seen throughout most of last year, despite disruptions in global supply chains that were further exasperated by port congestion during qtr. Leveraged scale of supply chain and partnered with vendors to maintain in-stock positions and prioritized key SKUs in high-demand categories. a. 6. While Co. continues to see strong level of engagement across digital platforms, saw...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Home Depot Inc
Ticker
HD.N
Time
1:00pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Steven Paul Forbes - Guggenheim Securities, LLC, Research Division - Analyst : Maybe just start with a quick follow-up on the broader supply chain initiatives. Ted, I think you mentioned 70% increase in distribution footage this year. So maybe if you can update us on how many facilities that correlates to. And any color on the cadence or the planned cadence of openings?

Question: Steven Paul Forbes - Guggenheim Securities, LLC, Research Division - Analyst : And then maybe just a quick follow-up for Richard. I think -- I don't believe you called out the incremental strategic investment spend impact when you walked through the expense line items. So maybe, if you can, just remind us on where we are, right, in terms of the trajectory of that strategic investment spend that's captive within the model.

Table Of Contents

Home Depot Inc Q2 2021 Earnings Call Summary – 2021-08-17 – US$ 54.00 – Edited Brief of HD.N earnings conference call or presentation 17-Aug-21 1:00pm GMT

Home Depot Inc at Sanford C Bernstein Strategic Decisions Conference (Virtual) Transcript – 2021-06-03 – US$ 54.00 – Edited Transcript of HD.N presentation 3-Jun-21 5:30pm GMT

Home Depot Inc at RBC Capital Markets Consumer and Retail Conference (Virtual) Transcript – 2021-06-02 – US$ 54.00 – Edited Transcript of HD.N presentation 2-Jun-21 2:00pm GMT

Home Depot Inc Annual Shareholders Meeting Transcript – 2021-05-20 – US$ 54.00 – Edited Transcript of HD.N shareholder or annual meeting 20-May-21 1:00pm GMT

Home Depot Inc Q1 2021 Earnings Call Transcript – 2021-05-18 – US$ 54.00 – Edited Transcript of HD.N earnings conference call or presentation 18-May-21 1:00pm GMT

Home Depot Inc at JPMorgan Virtual Retail Round-Up Transcript – 2021-04-15 – US$ 54.00 – Edited Transcript of HD.N presentation 15-Apr-21 5:10pm GMT

Home Depot Inc at Raymond James Institutional Investors Conference (Virtual) Transcript – 2021-03-02 – US$ 54.00 – Edited Transcript of HD.N presentation 2-Mar-21 6:20pm GMT

Home Depot Inc Q4 2020 Earnings Call Summary – 2021-02-23 – US$ 54.00 – Edited Brief of HD.N earnings conference call or presentation 23-Feb-21 2:00pm GMT

Home Depot Inc Q4 2020 Earnings Call Transcript – 2021-02-23 – US$ 54.00 – Edited Transcript of HD.N earnings conference call or presentation 23-Feb-21 2:00pm GMT

Home Depot Inc Q3 2020 Earnings Call Summary – 2020-11-17 – US$ 54.00 – Edited Brief of HD.N earnings conference call or presentation 17-Nov-20 2:00pm GMT

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Cite this Report

  
MLA:
Thomson StreetEvents. "Home Depot Inc Q1 2021 Earnings Call Summary" May 18, 2021. Alacra Store. May 15, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Home-Depot-Inc-Earnings-Call-B13629651>
  
APA:
Thomson StreetEvents. (2021). Home Depot Inc Q1 2021 Earnings Call Summary May 18, 2021. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q1-2021-Home-Depot-Inc-Earnings-Call-B13629651>
  
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