Strong comp growth and guidance from Home Depot

|By:, SA News Editor

Home Depot (NYSE:HD) reports comparable-store sales rose 5.8% in Q2. Comp growth in the U.S. was 6.4%.

Transactions +4.2% to $409.7M.

Average ticket +1.8% to $58.43.

Sales per square foot +5.5% to $403.90.

Inventory +5.2% to $11.665B.

Guidance: Net sales are expected to rise 4.8% for the fiscal year. Full-year EPS of $4.52 is forecast vs. $4.41 consensus.

HD +3.5% premarket