Distributors

HD Supply sales increase 13.4% for 3Q

HD Supply, Inc. today reported net sales of $2.1 billion for the third quarter of fiscal year 2012 that ended October 28. That’s an increase of $253 million, or 13.4%, as compared to the third quarter of fiscal year 2011.

Gross profit for the third quarter of fiscal year 2012 increased by $81 million, or 15.1%, to $616 million compared to $535 million for the third quarter of fiscal year 2011.

Net sales for the first nine months of fiscal year 2012 were $6.0 billion—an increase of $665 million, or 12.4%, as compared to the first nine months of fiscal year 2011. Gross profit for the first nine months of fiscal year 2012 increased by $205 million, or 13.4%, to $1.7 billion compared to $1.5 billion for the first nine months of fiscal year 2011.

Operating income for the first nine months of fiscal year 2012 increased by $121 million, or 87.1%, to $260 million compared to $139 million for the first nine months of fiscal year 2011.

Loss from continuing operations for the first nine months of fiscal year 2012 was $485 million, which included a $220 million loss on extinguishment of debt. Excluding the loss on extinguishment of debt, the loss from continuing operations for the first nine months of fiscal year 2012 improved $131 million as compared to the first nine months of fiscal year 2011.

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