5:49 am May 19, 2010, by Henry Unger
It looks like Home Depot will have some good news for shareholders when it holds its annual meeting at the Cobb Galleria on Thursday morning.
Sales at Home Depot’s existing U.S. stores rose for the first time in four years during the first quarter, the company said Tuesday. That’s an indicator that consumers are beginning to spend again on their houses, AJC reporter Rachel Tobin Ramos writes.
Home Depot also posted a 41 percent profit gain for the quarter and boosted its outlook for the year. It expects a 3.5 percent rise in sales, following last year’s 7.2 percent decline, Ramos reports.
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