In its release on fiscal year 2011, which ended Jan. 29, HD Supply noted a 14.8% sales gain across its many lines of distribution—to $1.8 billion. That brought sales for the fiscal year to $7.7 billion, up 10.1%.
HD Supply CEO Joe DeAngelo noted that “this momentum has continued, with double-digit year-over-year sales growth in February 2012.”
While the company ended 2011 with a $440 million loss from continuing operations (before income taxes), the company noted that the FY10 loss was $116 million bigger and that it had $1.2 billion of “liquidity” if it needed it.
HD Supply said its Q4/11 gross margin came in at 28.8%, beating the 28.6% of one year earlier.
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