The Home Depot announced sales for the first quarter of 2022 were $38.9 billion, an increase of 3.8% from the same prior-year period. Comparable sales for the first quarter of fiscal 2022 increased 2.2%, and comparable sales in the U.S. rose 1.7%.
Net earnings for the first quarter of 2022 were $4.2 billion.
“Fiscal 2022 is off to a strong start as we delivered the highest first-quarter sales in company history. The solid performance in the quarter is even more impressive as we were comparing against last year’s historic growth and faced a slower start to spring this year,” The Home Depot CEO and President Ted Decker said.