Sales on the rise at Home Depot

Home Depot’s first-quarter sales improved despite a slow spring start and the home improvement chain raised its full-year guidance.

Revenue increased about 4% to $38.91 billion, easily beating Wall Street expectations, according to a survey of analysts by Zacks Investment Research.

Sales at stores open at least a year, a key indicator of a retailer’s health, climbed 2.2% globally, and 1.7% in the U.S.

However, the quarterly sales exhibited the slowest pace of growth in two years, noted Neil Saunders, managing director of Globaldata, adding that it was still a pretty good quarter and that the company has managed to keep all the gains it made during the pandemic.