The world’s two largest home improvement retailers published financial results for the first quarter of fiscal year 2025 and projections for year-end.
The Home Depot, Atlanta, GA, reported first quarter, which ended May 4, net sales were $39.9 billion, up 9.4% over the comparable period in 2024. Net earnings decreased 4.6% when compared to the same three months of fiscal year 2024 to $3.4 billion. Sales are expected to improve 2.8% in 2025. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced the first quarter, which ended May 2, where net sales were $20.9 billion, 2.0% below the comparable timeframe in 2024. Net earnings were 6.5% lower at $1.6 billion when compared to the first quarter of 2024. Total sales in 2025 are expected to grow 1.2%. See Lowe’s Company