Home Improvement Retailers Report First Quarter Results
June 2016The world’s two largest home improvement retailers have reported growth in the first quarter of this fiscal year.
Lowes, Mooresville, N.C., reported $884 million for the first quarter, a 31.4% increase over the same time period last year. Sales for the quarter increase 7.8% to $15.2 billion from $14.1 billion during the first quarter in 2015.
Home Depot, Atlanta, GA, reported first quarter net earnings $1.8 billion, an increase of 19% from the same period last year. Home Depot also reported sales of $22.8 billion for this quarter, a 9% increase from the first quarter during fiscal year 2015.