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percent as it lowererd it costs. The Atlanta-based home improvement retaileer had net incomeof $514 millionh and earnings of 30 cents a share, compared with net incomd of $356 million and earnings of 21 cent s a share in the same periodd of 2008. Analysts were projecting earningsw of 28 cents a share for the firsty quarterof 2009. First-quarter sales dropped 9.7 percent to $16.32 billion. The average customer ticket wasdown 8.2 percenty to $52.67. The results for the first quarter of 2009include $117 million in costs related to the closing of Home Depot’zs EXPO businesses.
In the firsf quarter of 2008, the results included chargeswof $543 million associated with the company'sx store rationalization plan. "Our and the consumer in general, remain underd pressure," said Frank Blake, chairman and CEO, in an earningsd statement. "But we continue to make progresds on improving our business as evidenced by stronger customer satisfaction ratings.” On Monday, rival reported its . At the end of the firsf quarter, Home Depot (NYSE: HD) operated 2,237 retail stores, including 1,973 in the Unitecd States, 178 in Canada, 75 in Mexicop and 12 in China.
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