HD Supply narrows loss, increases sales in Q3

Atlanta-based HD Supply reported a third-quarter net loss of $99 million, compared with a loss of $267 million for the same period last year.

Sales for the three-month period ended Oct. 31 were $1.99 billion, up 3.2% from $1.93 billion reported last year.  

“In the face of continued economic headwinds, the third quarter’s improved results reflect HD Supply’s initiatives to accelerate sales and grow market share with unparalleled customer service. These measurable results and the teams’ corresponding profitable growth momentum position the company well for immediate and long-term success,” stated Joe DeAngelo, CEO of HD Supply.