In the first quarter of 2012, net earnings at Home Depot Inc. rose 27 percent as a result of warm weather across the country, according to its latest earnings report posted Tuesday.
The company's sales during the first quarter hit $17.8 billion, a 5.9 percent increase from the first quarter of fiscal 2011, while its same-store sales for rose 5.8 percent. Its net earnings for this year's first quarter were $1.0 billion, compared with net earnings of $812 million in the same period last year.
"We saw a stronger-than-expected start to the year, driven by record warm weather and continued demand for core products," said Frank Blake, the company's chairman and CEO.
The company also updated its 2012 fiscal year outlook; it now expects sales to be up approximately 4.6 percent.
