Jeff Kinnaird: President, CanadaPeter Muench: Vice President, Finance

Isabel Janci: Vice President, Investor Relations Tim Walsh: Director, Investor Relations

Canada October 2018

Forward Looking Statements and Non-

GAAP Financial Measurements

Certain statements contained herein constitute "forward-looking statements" as defined in the Private Securities LitigationReform Act of 1995. Forward-looking statements may relate to, among other things, the demand for our products and services; net sales growth; comparable sales; effects of competition; implementation of store, interconnected retail, supply chain and technology initiatives; issues related to the payment methods we accept; state of the economy; state of the residential construction, housing and home improvement markets; state of the credit markets, including mortgages, home equity loans and consumer credit; demand for credit offerings; inventory and in-stock positions; management of relationships with our suppliers and vendors; continuation of share repurchase programs; net earnings performance; earnings per share; dividend targets; capital allocation and expenditures; liquidity; return on invested capital; expense leverage; stock-based compensation expense; commodity price inflation and deflation; the ability to issue debt on terms and at rates acceptable to us; the impact and expected outcome of investigations, inquiries, claims and litigation; the effect of accounting charges; the effect of adopting certainaccounting standards; the impact of the Tax Act; store openings and closures; guidance for fiscal 2018 and beyond; financialoutlook; and the integration of acquired companies into our organization and the ability to recognize the anticipated synergies and benefits of those acquisitions. Forward-looking statements are based on currently available information and our current assumptions, expectations and projections about future events. You should not rely on our forward-looking statements. These statements are not guarantees of future performance and are subject to future events, risks and uncertainties-many of which are beyond our control or are currently unknown to us-as well as potentially inaccurate assumptions that could cause actual results to differ materially from our expectations and projections. These risks and uncertainties include but are not limited tothose described in Item 1A, "Risk Factors," and elsewhere in our Annual Report on Form 10-K for our fiscal year ended January

28, 2018 and in our subsequent Quarterly Reports on Form 10-Q.

Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements other than as required by law. You are advised, however, to review any further disclosures we make on related subjects in our periodic filings with the Securities and Exchange Commission.

2

Fiscal 2017 Results

($ Millions USD, except per share data)

FY 2017

FY 2016

V%

Sales

$100,904

$94,595

6.7%

Comp Sales

6.8%

5.6%

Gross Profit

$34,356

$32,313

6.3%

Gross Profit Margin

34.05%

34.16%

(11) bps

Total Operating Expenses

$19,675

$18,886

4.2%

Operating Profit

$14,681

$13,427

9.3%

Operating Profit Margin

14.55%

14.19%

36 bps

Net Earnings

$8,630

$7,957

8.5%

Diluted Earnings Per Share

$7.29

$6.45

13.0%

13.0% Earnings Per Share Growth in 2017

First Half 2018 Results

($ Millions USD, except per share data)

1H 2018

1H 2017

V%

Sales

$55,410

$51,995

6.6%

Comp Sales

6.2%

6.0%

Gross Profit

$18,982

$17,615

7.8%

Gross Profit Margin*

34.26%

33.88%

38 bps

Total Operating Expenses

$10,700

$9,803

9.2%

Operating Profit

$7,797

$7,322

6.5%

Operating Profit Margin

14.07%

14.08%

(1) bps

Net Earnings

$5,910

$4,686

26.1%

Diluted Earnings Per Share

$5.12

$3.91

30.9%

*During the first quarter of fiscal 2018, the Company adopted ASU No. 2014-09, which pertains to revenue recognition. The adoption has changed the presentation of certainline items related to gift cards and our private label credit card program, resulting in 46 basis points of gross margin expansion in the first half of fiscal 2018. Please refer to the2Q18 Earnings Release for further details.

30.9% Earnings Per Share Growth in 1H 2018

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The Home Depot Inc. published this content on 18 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 October 2018 16:57:09 UTC