Home Depot Reports Sales Increase of 4.9% YOY in Q1
Atlanta, GA, May 16, 2017-The Home Depot reported sales of $23.9 billion for Q1 2017, a 4.9% increase from Q1 2016’s $22.8 billion.
Net earnings for Q1 2017 were $2.0 billion, compared with net earnings of $1.8 billion in Q1 2016.
Comparable store sales for the first quarter of fiscal 2017 were positive 5.5%, and comp sales for U.S. stores were positive 6.0%.
At the end of the first quarter, Home Depot operated a total of 2,281 retail stores in all 50 states, the District of Columbia, Puerto Rico, U.S. Virgin Islands, Guam, ten Canadian provinces and Mexico.
Flooring was one of the departments that performed above company average for the quarter.