The world’s two largest home improvement retailers published third quarter 2022 financial results.
The Home Depot, Atlanta, GA, reported third quarter net sales of $38.9 billion, up 5.6% over the comparable period in 2021. Net quarterly earnings rose 5.1% from the same three months of 2021 to $4.3 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced third quarter net sales were 2.5% higher than the comparable timeframe in 2021 at $23.5 billion. Net earnings plunged 91.9% from the same period last year to $154 million, due to a $2.1 billion impairment charge associated with its Canadian retail business. See Lowe’s Companies