Home Improvement Retailers Post Mixed Quarterly Financial Results
The world’s two largest home improvement retailers published first quarter financial results.
The Home Depot, Atlanta, GA, reported first quarter fiscal 2020 sales of $28.3 billion, up 7.1% over the comparable period in 2019. Net quarterly earnings decreased 10.7% from the first quarter in 2019 to $2.2 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced first quarter (ending May 1) net earnings of $1.3 billion compared up 27.8% from the same period last year. Net sales were 10.9% higher than the first quarter 2019 at $19.7 billion. See Lowe's Companies