Home Depot's Q1 Sales Hit Record High of $38.9B, Earnings Up 2.4%

Atlanta, GA, May 17, 2022-The Home Depot reported net sales of $38.9 billion for Q1 2022, an increase of 3.8% from Q1 2021’s $37.5 billion. 

Comparable sales for Q1 2022 increased 2.2%, and comparable sales in the U.S. increased 1.7%.

Net earnings for Q1 2022 were $4.2 billion, a 2.4% increase compared with net earnings of $4.1 billion in the same period of fiscal 2021.

"Fiscal 2022 is off to a strong start as we delivered the highest first quarter sales in company history," said Ted Decker, CEO and president. "The solid performance in the quarter is even more impressive as we were comparing against last year's historic growth and faced a slower start to spring this year.”