Home Depot showed an increase in its profits between the fourth quarter of fiscal 2013 and the first quarter of fiscal 2014, according to the company's first quarter report released yesterday.
Net income was at $1.379 billion near the start of May, up from $1.013 billion in the fourth quarter 2013. Despite a decrease in net income this winter, long-term net income has shown growth. Since May 2013, it has increased 12.5 percent, and it has risen by 33 percent over the last two years.
Total first quarter fiscal 2014 sales were $19.7 billion, an increase of 2.9 percent from the first quarter of fiscal 2013. Comparable store sales were up 2.9 percent.
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