The world’s two largest home improvement retailers published financial results for the second quarter of fiscal year 2025.
The Home Depot, Atlanta, GA, reported second quarter, which ended August 3, net sales were $45.3 billion, up 4.9% over the comparable period in 2024. Net earnings edged downward 0.2% to $4.6 billion when compared to Q2 of fiscal year 2024. Year-to-date net sales were $85.1 billion, 7.0% above the same period last year, while net earnings were 2.2% below 2024 at $8.0 billion. Total sales are expected to improve 2.8% in 2025. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced the second quarter, which ended August 1, where net sales were $24.0 billion, 1.6% higher than the comparable timeframe in 2024. Net earnings increased 0.6% to $2.4 billion when compared to the second quarter last year. Net sales year-to-date totaled $44.9 billion, and net earnings were $4.0, dipping 0.1% and 2.4% respectively over 2024. See Lowe’s Company