The 2020 Mid-Year Economic Update_long

Home Depot Sales Increase 6.1% in 1Q

Comparable store sales also increase 1.6 percent.

The Home Depot (NYSE: HD), Atlanta, GA, reported sales for the first quarter of $20.9 billion, a 6.1 percent increase year-over-year, with comparable store sales also up 6.1 percent.

Profit for the first quarter increased 14.5 percent to $1.6 billion.

“We had a stronger than expected start to the year as we experienced a more normal spring across much of the country and continued recovery of the U.S. housing market,” said Craig Menear, president and CEO.

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