Rebounding housing market offsets cold spring at Home Depot

05/21/2013 | Reuters · Wall Street Journal, The

Home Depot raised its forecast for the year Tuesday after reporting stronger-than-expected first-quarter sales and profit growth fueled by a rebound in the housing market. Rival Lowe's saw a 0.7% drop in same-store sales for the quarter, and both retailers reported a slowdown in sales of outdoor products and equipment due to the cool early spring months.

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Reuters · Wall Street Journal, The

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