Home Depot reported a first quarter profit of $1.8 billion, a 14.2 percent increase compared with the $1.57 billion the company made during the same period last year, according to a financial disclosure.
Sales for the first quarter totaled $22.76 billion, a 9 percent increase from the $20.89 billion reported in the first quarter of 2015. Comparable store sales increased by 6.5 percent.
"We were pleased with our stronger-than-expected start to the year, driven by solid execution and broad-based growth across the store," said Craig Menear, chairman, CEO and president, in a statement. "This was made possible by our hardworking associates and their continued dedication to our customers in a quarter marked by week-to-week demand spikes caused by weather variability."
