home-improvement retailer rose 14 percent to $2.05 billion, or $1.52 a share, in the three months through Aug. 3, from $1.8 billion, or $1.24, a year earlier, the company said today in a statement. The average of 25 analysts estimates compiled by Bloomberg was $1.44. Rising home prices are encouraging consumers to spend more on renovations while improved weather spurred purchases of yard merchandise that shoppers passed up earlier in the year because of a late spring. Second-quarter sales gained 5.7 percent to $23.8 billion, topping analysts estimates.
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