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Atlanta-based The Home Depot, home improvement retailer, reported first quarter of fiscal 2011 sales of $16.8 billion, a 0.2 percent decrease from the first quarter of fiscal 2010. Comparable store sales for the first quarter were down 0.6 percent, and comp sales for U.S. stores were down 0.7 percent.
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Profit was $812 million.
"We continued to improve our business and delivered double-digit earnings growth," said Frank Blake, CEO. "Our sales declined slightly due to a slow spring selling season, but for the year we expect sales to grow in line with the guidance we previously provided."