Home Improvement Retailers Post Booming Q2 Results

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

The Home Depot, Atlanta, GA, reported second quarter (ending August 1) net sales of $41.1 billion, up 8.1% over the comparable period in 2020.  Net quarterly earnings rose 11% from the second quarter in 2020 to $4.8 billion. See The Home Depot

The Lowe’s Companies, Mooresville, NC, announced first quarter (ending July 30) net sales were 1.0% higher than the second quarter 2020 at $27.6 billion.  Net earnings of $3.0 billion up 6.7% from the same period last year.  See Lowe’s Companies

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