U.S. Home Improvement Retailers Post Positive Quarterly Financial Results
The world’s two largest home improvement retailers recently published second quarter results.
The Home Depot, Atlanta, GA, reported second quarter fiscal 2019 sales of $30.8 billion, up 1.2% from the first quarter and 3.0% higher than the comparable period in 2018. Net quarterly earnings were even with the year-ago period at $3.5 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced second quarter, ending August 2, net earnings of $1.7 billion rose from $1.5 billion in the same period last year. Net sales grew 0.5% from first quarter 2019 to $21.0 billion. See Lowe's Companies