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
