Home Improvement Retailers Post Booming Q1 Results
The world’s two largest home improvement retailers published first quarter financial results.
The Home Depot, Atlanta, GA, reported first quarter (ending May 2) net sales of $37.5 billion, up 32.7% over the comparable period in 2020. Net quarterly earnings jumped 84.6% from the first quarter in 2019 to $4.15 billion. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced first quarter (ending April 30) net sales were 24.1% higher than the first quarter 2020 at $24.4 billion. Net earnings of $2.3 billion up 73.6% from the same period last year. See Lowe's Companies