The Home Depot, the world’s largest home improvement retailer, today posted sales of $19.1 billion for the first quarter of fiscal 2013, a 7.4-percent increase from the first quarter of fiscal 2012. Net earnings for the first quarter were $1.2 billion, compared with net earnings of $1 billion in the same period in fiscal 2012.
“In the first quarter, we saw less favorable weather compared to last year, but we continue to see benefit from a recovering housing market that drove a stronger-than-expected start to the year for our business,” said Frank Blake, chairman and CEO. “I would like to thank our associates for their hard work and commitment to our customers.”
Based on its year-to-date performance and outlook for the balance of the year, Home Depot raised its fiscal 2013 sales guidance and now expects sales to be up about 2.8 percent with comparable store sales up about 4 percent.
Home Depot Rentals is No. 4 on the RER 100.
