The world’s two largest home improvement retailers published financial results for the second quarter of 2024.
The Home Depot, Atlanta, GA, reported that the second quarter ended July 28 with net quarterly sales of $43.2 billion, up 0.6% over the comparable period in 2023. Net earnings fell 2.1% from the same three months of fiscal year 2023 to $4.6 billion. For six months, net sales dipped 0.7% to $79.6 billion, and net earnings shrunk 4.3% to $8.2 billion over 2023. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced the second quarter, which ended August 2, net sales were $23.6 billion, 5.5% below the comparable timeframe in 2023. Net earnings were 10.8% lower at $2.4 billion compared to the second quarter of 2023. For the first two quarters, net sales declined 5.9% to $15.9 billion, and net earnings decreased 16.1% to $4.1 billion from last year. See Lowe’s Company
