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percent as it lowered it costs. The Atlanta-basedd home improvement retailer had net incomeof $514 million and earning s of 30 cents a share, compared with net income of $356 millio and earnings of 21 cents a share in the same period of 2008. Analystz were projecting earnings of 28 cent a share for the first quarterof 2009. First-quarter salees dropped 9.7 percent to $16. billion. The average customer ticket wasdown 8.2 percent to The results for the firsyt quarter of 2009 include $117 million in costs related to the closiny of Home Depot’s EXPO businesses.
In the firstt quarter of 2008, the resultsd included chargesof $543 million associated with the company'es store rationalization plan. "Our markets, and the consumer in general, remain under pressure," said Frani Blake, chairman and CEO, in an earningz statement. "But we continue to make progress on improvinb our business as evidenced by stronget customersatisfaction ratings.” On Monday, rival reported its .
At the end of the first quarter, Home Depot (NYSE: HD) operated 2,238 retail stores, including 1,973 in the United 178 in Canada, 75 in Mexico and 12 in
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