Home Improvement Retailers Continue to Post Booming Results in Q3

The world’s two largest home improvement retailers published third quarter financial results.

The Home Depot, Atlanta, GA, reported third quarter (ending October 31) net sales of $36.8 billion, up 9.8% over the comparable period in 2020.  Net quarterly earnings rose 20.3% from the third quarter in 2020 to $4.1 billion.  See The Home Depot

The Lowe’s Companies, Mooresville, NC, announced first quarter (ending October 29) net sales were 2.2% higher than the third quarter 2020 at $22.9 billion.  Net earnings of $1.9 billion soared 174.5% from the same period last year.  See Lowe’s Companies

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