The world’s two largest home improvement retailers published first quarter financial results.
The Home Depot, Atlanta, GA, reported first quarter (ending May 2) net sales of $37.5 billion, up 32.7% over the comparable period in 2020. Net quarterly earnings jumped 84.6% from the first quarter in 2019 to $4.15 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced first quarter (ending April 30) net sales were 24.1% higher than the first quarter 2020 at $24.4 billion. Net earnings of $2.3 billion up 73.6% from the same period last year. See Lowe’s Companies