Home Depot Sales Rose 32.7%, Earnings Rose 84.6% in Q1
Atlanta, GA, May 18, 2021-The Home Depot reported sales of $37.5 billion for Q1 2021, an increase of 32.7% from Q1 2020’s $28.3 billion.
Comparable sales for Q1 2021 increased 31.0%, and comparable sales in the U.S. increased 29.9%.
Net earnings for Q1 2021 were $4.1 billion, an 84.6% increase compared with net earnings of $2.2 billion in the Q1 2020.
“Fiscal 2021 is off to a strong start as we continue to build on the momentum from our strategic investments and effectively manage the unprecedented demand for home improvement projects,” said Craig Menear, chairman and CEO. “I am proud of the resilience and strength our associates have continued to demonstrate, and I would like to thank them and our supplier partners for their hard work and dedication to our customers.”