The world’s two largest home improvement retailers published first quarter 2022 financial results.
The Home Depot, Atlanta, GA, reported first quarter net sales of $38.9. billion, up 3.8% over the comparable period in 2021. Net quarterly earnings rose 2.1% from the first three months in 2021 to $4.2 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced first quarter (ended April 29, 2022) net sales were 2.9% lower than the comparable timeframe in 2021 at $23.7 billion. Net earnings of $2.3 billion increased 0.4% from the same period last year. See Lowe’s Companies
