Sales Increase
Sales for the first quarter were $39.9 billion, up 9.4% from the same period last year.
Positive U.S. Comp Sales
U.S. comp sales increased by 0.2%.
Strong Online Sales Growth
Online comp sales increased approximately 8% compared to the first quarter of last year.
Pro Segment Outperformance
Pro comp sales were positive and outpaced the DIY customer, with strength across Pro-heavy categories like gypsum, decking, concrete, and siding.
Sourcing Strategy Diversification
More than 50% of purchases are sourced in the United States, and no single country outside of the U.S. will represent more than 10% of purchases within 12 months.
Exclusive Agreement with BEHR
Home Depot will exclusively offer KILZ branded primer products, deepening their relationship with Pro customers.
Spring Event Success
Strong performance in Spring Black Friday and Spring Gift Center events, notably in categories like appliances, power tools, grills, and paint.