U.S. Home Improvement Retailers Post Positive Quarterly Results
The world’s two largest home improvement retailers recently published second quarter results.
The Home Depot, Atlanta, GA, reported second quarter net sales of $38.1 billion, up 29.5% from the first quarter and 23.4% higher than the comparable period in 2019. Net quarterly earnings were up 24.5% from the year-ago period at $4.3 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced second quarter (ending July 31) net sales grew 30.1% from year-ago period to $27.3 billion. Quarterly net earnings totaled $2.8 billion jumping 68.7% from the same period last year. See Lowe's Companies