The world’s two largest home improvement retailers published financial results for the third quarter of fiscal year 2025.
The Home Depot, Atlanta, GA, reported for the third quarter, which ended November 2, net sales were $41.4 billion, up 2.8% over the comparable period in 2024. Net earnings edged downward 1.3% to $3.6 billion when compared to Q3 of fiscal year 2024. Year-to-date net sales were $126.5 billion, 5.6% above the same period last year, while net earnings were 1.9% below 2024 at $11.6 billion. Total sales are expected to improve 3.0% in 2025 over 2024. See The Home Depot
The Lowe’s Companies, Mooresville, NC, published third quarter results, which ended October 31, with net sales of $20.8 billion, 3.2% higher than Q3 2024. Net earning decreased 4.7% to $1.6 billion when compared to the third quarter last year. Net sales year-to-date totaled $65.7 billion, increasing 0.9% over 2024, while net earnings were $5.7 billion, shrinking 3.1%. Total net sales in 2025 are expected to grow 2.8%. See Lowe’s Company