Home improvement retailer Home Depot (https://alphastreet.com/bc5140d4) reported sales of $23.9Bil for 1Q17, up 4.9% YoY, as comparable store sales grew 5.5%. Comp sales for US stores were up 6% during the quarter. Net earnings were $2Bil, or $1.67 per share, compared with $1.8Bil, or $1.44 per share during the same period last year.

Home Depot reaffirmed its FY17 sales growth guidance. It expects both sales and comp sales to be up approx 4.6%. HD also raised its EPS growth guidance, which is now predicted to be up 11% from FY16 to $7.15.

Craig Menear, CEO commented:

"We were pleased with our results as they reflected broad-based growth across our interconnected platform and all geographies. This was made possible by our hard working store associates, merchants and supply chain teams and our continued dedication to customer service."

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