The world’s two largest home improvement retailers recently published fourth quarter 2020 results.
The Home Depot, Atlanta, GA, reported fourth quarter fiscal 2020 net sales of $32.3 billion, up 25.1% from 2019. Quarterly net earnings rose 16.0% from 2019 to $2.9 billion. Annual net sales grew 19.9% in 2020 to $132.1 billion. Net earnings for the year rose 14.4% to $12.9 billion over 2019. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced net sales for the fiscal year, ending January 29, increased 24.3% from 2019 to $89.6 billion. Fourth quarter net earnings of $978 million rose 92% compared to the same period in 2019. Net earnings for the year increased to $5.8 billion compared to $4.3 billion in fiscal year 2019. See Lowe’s
