HD Supply Holdings Reaffirms Q3 Outlook

(RTTNews) - HD Supply Holdings, Inc. (HDS) on Wednesday reaffirmed its third quarter guidance previously provided on September 9.

While reporting second quarter earnings on September 9, the company asid it expected revenues of $2.425 billion to $2.50 billion and adjusted earnings of $0.48 to $0.55 per share.

Analysts polled by Thomson Reuters currently expect the company to earn $0.53 per share on revenue of $2.47 billion for the third quarter. Analysts' estimates typically exclude special items.

Separately, HD Supply Holdings said that its indirect wholly-owned subsidiary, HD Supply, Inc., plans to commence a private offering of $1.25 billion of Senior Secured First Priority Notes due 2021.

HD Supply plans to use the proceeds from the sale of the Notes, together with available cash, to refinance its outstanding 8?% Senior Secured First Priority Notes due 2019 and to pay related fees and expenses.