First-quarter sales for The Home Depot (NYSE:HD) totaled $16.9 billion, a 4.3 percent increase from the first quarter of fiscal 2009. Comparable store sales for the first quarter were 4.8 percent. Based on its year-to-date performance, the Company updated its fiscal 2010 guidance and now expects sales to be up approximately 3.5 percent for the year.
Lowe’s Companies Inc. (NYSE:LOW) reported first-quarter sales of $12.4 billion, up 4.7 percent compared to the first quarter of 2009. Comparable store sales were up 2.4 percent. During the quarter, Lowe’s opened 11 stores.