Home Depot's sales miss expectations

By @ibtimes on

Home Depot Inc reported weaker-than-expected quarterly sales as inclement weather hurt demand for seasonal goods at the start of the spring selling season.

The world's largest home improvement retailer said its sales fell 0.2 percent to $16.82 billion in the first quarter ended on May 1, missing the analysts' average estimate of $17.02 billion.

Sales at stores open at least a year fell 0.6 percent, with those at U.S. stores falling 0.7 percent.

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)

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