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Home Depot beats same-store sales estimates

May 18 (Reuters) - Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as demand remained strong for the top U.S. home improvement retailer’s products even as vaccinations opened up more traditional avenues for consumers to spend their money.

Same-store sales rose 31% in the first quarter ended May 2, beating analysts’ estimates for a 19.9% increase, according to IBES data from Refinitiv.

Reporting by Uday Sampath in Bengaluru; Editing by Sriraj Kalluvila

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