Home Improvement Retailers Report Fourth Quarter 2015 Results
March 2016The world’s two largest home improvement retailers reported fourth quarter 2015 increases in net earnings.
The Home Depot announced fourth quarter 2015 sales of $21 billion, an increase of 9.5% from the comparable period in 2014. Year-end sales were at $88.5 billion, up 6.4% from 2014 fiscal year. Annual earnings per diluted share in fiscal 2015 were $5.46 compared to $4.71 per diluted share in 2014, a 15.9% increase.
Lowe’s Companies reported net earnings of $11 million for the fourth quarter ending in January 29. Quarterly sales increased to $13.2 billion, a 5.6% increase. Fiscal year net earnings were $2.5 billion and annual net sales increase 5.1% to $59.1 billion.