Home Depot's Profit Rises 14.5 Percent
Home Depot Inc, the world's largest home improvement chain by sales, reported a 14.5 percent rise in quarterly profit as customers in North America spent more on home repairs after a harsher-than-usual winter.
Home Depot's total comparable sales rose 6.1 percent in the first quarter ended May 3.
The company's net income rose to $1.58 billion, or $1.21 per share, from $1.38 billion, or $1.00 per share, a year earlier.
Net sales rose to $20.89 billion from $19.69 billion.
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