Weather Hurts Home Depot Results

Atlanta, GA, May 20, 2014 — Home Depot reported that first quarter net income rose to $1.38 billion, or $1.00 per share, from $1.23 billion, or $0.83 per share, a year earlier.

Revenue rose to $19.69 billion from $19.12 billion.

Comparable store sales rose 2.6%.

“The first quarter was impacted by a slow start to the spring selling season. But we had solid results in non-weather impacted markets and expect our sales for the year to grow in line with the guidance we previously provided,” said Frank Blake, chairman and CEO.