Atlanta-based Home Depot overcomes slow start to year, rising home prices

home depot results
A Home Depot logo sign hands on its facade, Friday, May 14, 2021, in North Miami, Fla. Home Depot's fiscal first-quarter 2022 sales improved even as the chain faced a slower start to spring, and it raised its full-year guidance. (AP Photo/Wilfredo Lee, File)

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.