Home Depot Inc. posted greater sales and earnings year over year in the latest quarter, adding to a surge in the retailer’s growth during the Covid-19 pandemic that has lifted the company to its first year of sales above $150 billion.
The Atlanta-based home-improvement retailer saw its sales for the three months through January grow by 11% to $35.72 billion, from $32.26 billion a year earlier.
Comparable sales, a metric that adjusts for store openings and closings, increased by 8.1%. That trend, though flatter than the company’s growth earlier in the pandemic, shows Home Depot is still building on gains stemming from a flood of home-improvement activity.
Between mid-2020 and mid-2021, the retailer posted four straight quarters of comparable sales growth above 20%, fueled by consumers’ surging demand for home-improvement goods as the public-health crisis’s social disruptions left people spending more time in…