Two of World’s Largest Home Inmprovement Retailers Reports Results
Published on : Wednesday, August 27, 2014
The Home Depot, Atlanta, GA, reported second quarter net earnings grew 16.6% to $2.1 billion compared to $1.8 billion for the same period in 2013. Quarterly sales increased 5.7% to $23.8 billion compared to 2013. For the full year sales increased 4.4% to $43.5 billion.
Lowe’s Companies, Inc., Mooresville, NC, announced second quarter net earnings of $1.04 billion, up 10.4% from the same period a year ago. Quarterly sales rose 5.7% to $16.6 billion, and yearly sales were up 4.2% to $30 billion over 2013.