The world’s two largest home improvement retailers published financial results for the third quarter of 2024.
The Home Depot, Atlanta, GA, reported that the third quarter ended October 27 with net quarterly sales of $40.2 billion, up 6.6% over the comparable period in 2023. Net earnings fell 4.3% from the same three months of fiscal year 2023 to $3.6 billion. For nine months, net sales grew 1.6% to $119.8 billion, and net earnings shrunk 4.3% to $11.8 billion over 2023. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced the third quarter, which ended November 1, net sales were $20.2 billion, 1.5% below the comparable timeframe in 2023. Net earnings were 4.4% lower at $1.7 billion compared to the third quarter of 2023. For the first three quarters, net sales declined 3.9% to $65.1 billion, and net earnings decreased 13.0% to $5.8 billion from last year. See Lowe’s Company
