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Home Improvement Retailers Report 3rd Quarter Financial Results

The world’s two largest home improvement retailers reported third quarter results.

The Home Depot, Atlanta, GA, reported that third quarter net earnings increased 10% to $2.2 billion compared to 2016.  Quarterly net sales rose 8.1% to $25 billion over the previous year.  See The Home Depot

Lowe's Companies, Inc., Mooresville, NC, announced that third quarter net earnings, for the period ending November 3, grew 130% to $872 million, compared to $379 million  during the same period in 2016. Quarterly sales increased 6.5% from the comparable period in 2016 to $16.8 billion.  See Lowe’s

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