Home Depot reported a profit of $2.01 billion in the first quarter of 2017, an 11.7 percent increase compared with the profit of $1.8 billion in the first quarter of 2016, according to the company’s SEC filing.
First quarter sales were $23.89 billion, an increase of 4.96 percent compared with sales of $22.76 billion in the first quarter of 2016. Comparable store sales for the first quarter were up 5.5 percent.
“We were pleased with our results, as they reflected broad-based growth across our interconnected platform and all geographies,” said Craig Menear, chairman, CEO and president, in a statement. “This was made possible by our hard-working store associates, merchants and supply chain teams and our continued dedication to customer service.”