U.S. Home Improvement Retailers Post Positive Quarterly Reports
The world’s two largest home improvement retailers recently published second quarter results.
The Home Depot, Atlanta, GA, reported third quarter net sales of $33.5 billion, up 23.2% from than the comparable period in 2019. Net quarterly earnings grew 23.9% from the year-ago period at $3.4 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced third quarter (ending October 31) net sales grew 28.3% from year-ago period to $22.3 billion. Quarterly net earnings totaled $692 million falling 34% from the same period last year due to the company’s third quarter $3.0 billion cash tender offer. See Lowe's Companies