The Home Depot, Inc. announced unaudited consolidated earnings results for the first quarter ended May 5, 2013. For the quarter, the company’s net sales were $19,124 million compared to $17,808 million for the three months ended April 29, 2012. Operating income was $2,094 million compared to $1,714 million for the three months ended April 29, 2012. Earnings before provision for income taxes was $1,933 million compared to $1,630 million for the three months ended April 29, 2012. Net earnings were $1,226,000 million or $0.83 per diluted share compared to $1,035 million or $0.68 per diluted share for the three months ended April 29, 2012. Capital expenditures were $278 million compared to $228 million for the three months ended April 29, 2012. Net cash provided by operating activities was $2,697 million compared to $2,490 million for the three months ended April 29, 2012. On a like for like basis, comparable store sales for the first quarter of fiscal 2013 were positive 4.3%, and comp sales for U.S. stores were positive 4.8%. Based on its year-to-date performance and outlook for the balance of the year, the company raised its fiscal 2013 sales guidance and now expects sales to be up approximately 2.8% with comparable store sales up approximately 4.0% for the year. The company raised its fiscal 2013 diluted earnings-per-share guidance and now expects diluted earnings per share to be up approximately 17% to $3.52 for the year. The company's fiscal 2013 sales and earnings-per-share guidance is based on a 52-week year compared to fiscal 2012, a 53-week year. The company expects income tax provision rate to be approximately 37% for the year. Free cash flow leverage to be $200 million or $300 million.

The Home Depot, Inc., Q1 2013 Earnings Call, May 21, 2013

The Home Depot, Inc. announced that they will report Q1, 2013 results on May 21, 2013