Home Improvement Retailers Report First Quarter Results

June 2016

The 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.

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