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Home Improvement Retailers Report Quarterly Financial Results

The Home Depot, Atlanta, GA, reported fourth quarter fiscal 2019 net sales of $25.8 billion, down 2.7% from 2018.  Quarterly net earnings rose 5.8% from 2018 to $2.5 billion. Annual net sales grew 1.9% from 2018 to $110.2 billion.  Net earnings for 2019 rose 1.1% to $11.2 billion over the previous year. See The Home Depot

The Lowe’s Companies, Mooresville, NC, announced net earnings of $509 million for the fourth quarter, ended January 31, compared to a net loss of $824 million in the same period of 2018.  Net earnings for the year increased 85.0% to $4.3 billion over fiscal year 2018. Net sales grew 2.4% from the fourth quarter 2018 to $16.0 billion.  Sales in 2019 increased 0.94% over the year-ago period to $72.2 billion.  See Lowe’s

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