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New Year, Same Results; Home Depot Sales Boom In 1Q

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A Home Depot store is shown, Friday, May 14, 2021, in North Miami, Fla. Home Depot continues to fill the needs of the surging housing market during the pandemic, with fiscal first-quarter sales soaring and blowing past Wall Street's expectations. (AP Photo/Wilfredo Lee)

Home Depot continues to fill the needs of the surging housing market during the pandemic, with fiscal first-quarter sales soaring and blowing past Wall Street’s expectations. The Atlanta-based company’s sales rose 32.7% to $37.5 billion. Analysts polled by Zacks Investment Research were calling for $34.88 billion. Sales at stores open at least a year, a critical indicator of a retailer’s health, jumped 31%. In the U.S., the metric rose 29.9%.

 

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