Home Improvement Retailers Post Lower Q2 Sales and Earnings

The world’s two largest home improvement retailers published second quarter 2023 financial results.

­­­­­The Home Depot, Atlanta, GA, reported Q2 2023 net sales of $42.9 billion, down 2.0% over the comparable period in 2022. Net quarterly earnings fell 9.9% from the same three months of 2022 to $4.7 billion. See The Home Depot

The Lowe’s Companies, Mooresville, NC, announced second quarter net sales were 9.2% lower than the comparable timeframe in 2022 at $25.0 billion. Net earnings decreased 10.7% from the second quarter in 2022 to $2.7 billion. See Lowe’s Companies

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