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The Home Depot (NYSE: HD), Altanta, GA, reported sales for the first quarter of $19.7 billion, a 2.9 percent increase from the first quarter of fiscal 2013. Profit increased 12.5 percent to $1.4 billion.
On a like-for-like basis, comparable store sales for the first quarter were up 2.6 percent, and sales for U.S. stores were up 3.3 percent.
"The first quarter was impacted by a slow start to the spring selling season. But we had solid results in non-weather impacted markets and expect our sales for the year to grow in line with the guidance we previously provided," said Frank Blake, chairman and CEO.