The Home Depot’s net earnings jumped 19.4 percent in the first quarter of 2018, climbing from $2.0 billion in Q1 2017 to $2.4 billion.
The company’s net sales for the quarter increased 4.4 percent compared with the same period last year to $24.9 billion. Comparable sales grew 4.2 percent, with comparable sales in the U.S. growing 3.9 percent.
“We are pleased by the strength of our business despite a slow start to the spring selling season,” Chairman and CEO Craig Menear said in a statement. “Outside of our seasonal business, we had solid results in all markets and categories and are seeing strong momentum in all lines of business during these first few weeks of May.”
Home Depot had a total of 2,285 retail stores at the end of the quarter and employed more than 400,000 associates.
