Home Depot had sales of $38.9 billion during the first quarter of its fiscal year, powering through inflation with a continued surge of demand from consumers who want to buff up their homes, the company reported Tuesday.
Revenues during the three months ending April 30 were 3.8% higher than the same period a year earlier, as the Vinings-based company recorded net earnings of $4.2 billion.
"Fiscal 2022 is off to a strong start," said Ted Decker, the company's chief executive during an hour-long conference call with analysts and reporters. "The solid performance in the quarter is even more impressive as we were comparing against last year's historic growth."
