May 19 (Reuters) - Home Depot Inc reported a 6.4% rise in quarterly same-store sales on Tuesday, as the COVID-19 pandemic caused a surge in demand for cleaning supplies and masks at the home improvement chain’s stores.
Home Depot also scrapped its full-year outlook.
The company’s net earnings fell to $2.25 billion, or $2.08 per share, in the first quarter ended May 3, from $2.51 billion, or $2.27 per share, a year earlier, as it spent heavily to compensate its store employees working during the health crisis.
Total net sales rose to $28.26 billion from $26.38 billion. (Reporting by Uday Sampath in Bengaluru; Editing by Shinjini Ganguli)