Home Depot Inc
Home Depot has aggressively cut costs and boosted spending to improve existing stores in recent times.
Net profit at Atlanta-based Home Depot came in at $514 million, or 30 cents a share, for the first quarter ended on May 3, compared with $356 million, or 21 cents a share, a year earlier.
Excluding items, the company earned 35 cents a share.
The U.S. housing slump and tight credit market has curtailed demand for big-ticket remodels that powered growth at home improvement chains in recent years.
(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)