Home Improvement Retailers Post Mixed Results

The world’s two largest home improvement retailers published second quarter 2022 financial results.

The Home Depot, Atlanta, GA, reported second quarter net sales of $43.8 billion, up 6.5% over the comparable period in 2021. Net quarterly earnings rose 7.6% from the same three months of 2021 to $5.2 billion.  See The Home Depot

The Lowe’s Companies, Mooresville, NC, announced second quarter (ended July 29, 2022) net sales were 0.3% lower than the comparable timeframe in 2021 at $27.5 billion, however U.S. totals increased 0.2%. Net earnings of $3.0 billion down 0.9% from the same period last year.  See Lowe’s Companies

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