HD Supply Q1 results

HD Supply (HDS) reports net sales of $2.2B for Q1, an increase of 6% compared to Q1 of fiscal 2013. The Q1 increase represents the sixteenth consecutive quarter of year-over-year average daily sales growth.

Gross profit increased 6% to $631M, compared to $593M for Q1 of fiscal 2013.

Adjusted net income for Q1 of fiscal 2014 is $39M, compared to an adjusted net loss of $14M for Q1 of fiscal 2013.

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