May 21, 2019 / 10:09 AM / 2 months ago

Home Depot misses quarterly same-store sales estimates

May 21 (Reuters) - Home Depot Inc missed Wall Street estimates for quarterly same-store sales on Tuesday, hurt by poor weather in February and a steep fall in lumber prices.

Same-store sales at home improvement chain rose 2.5% in the first quarter ended May 5, below expectations of a 4.2% increase, according to IBES data from Refinitiv.

Net sales rose to $26.38 billion from $24.95 billion, beating analysts average estimate of $26.36 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Arun Koyyur)

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