Home Improvement Retailers Post Q1 Sales and Earnings

The world’s two largest home improvement retailers published financial results for the first quarter of 2024.

­­­­­The Home Depot, Atlanta, GA, reported that the first quarter ended April 28 with net quarterly sales of $36.4 billion, down 2.3% over the comparable period in 2023. Net earnings fell 7.0% from the same three months of fiscal year 2023 to $3.6 billion. See  The Home Depot

The Lowe’s Companies, Mooresville, NC, announced the first quarter, which ended May 3, net sales were $21.4 billion, 4.4% below the comparable timeframe in 2023. Net earnings were 22.4% lower at $1.8 billion compared to the first quarter of 2023. See  Lowe’s Company

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