The Home Depot (HD) Reports Q1 2018 Results
Atlanta, Georgia, May 15, 2018-The Home Depot reported a sales increase of 4.4% for Q1 2018, compared to Q1 2017.
Comparable sales for Q1 2018 were positive 4.2%, and comp sales in the U.S. were positive 3.9%.
Net earnings rose by 19.4% year over year.
“We are pleased by the strength of our business despite a slow start to the spring selling season,” said Craig Menear, chairman, CEO and president. “Outside of our seasonal business, we had solid results in all markets and categories and are seeing strong momentum in all lines of business during these first few weeks of May. These trends, as well as a favorable housing and macroeconomic backdrop, give us confidence to reaffirm our sales and earnings guidance for fiscal 2018.”