Home Improvement Retailers Post Positive Quarterly Financial Results
The world’s two largest home improvement retailers published first quarter results.
The Home Depot, Atlanta, GA, reported first quarter fiscal 2019 sales of $26.4 billion, up 5.7% over the comparable period in 2018. Net earnings rose 4.5% from the first quarter in 2018 to $2.5 billion . See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced first quarter, ended May 3, net earnings of $1.0 billion compared to net earnings of $988 million in the same period last year. Net sales grew 2.2% from first quarter 2018 to $17.7 billion. See Lowe's Companies