The world’s two largest home improvement retailers published fourth quarter 2021 financial results.
The Home Depot, Atlanta, GA, reported fourth quarter net sales of $35.7. billion, up 10.7% over the comparable period in 2020. Net quarterly earnings rose 17.3% from the fourth quarter in 2020 to $3.4 billion. Annual net earnings for 2021 grew 27.7% to $16.4 billion over 2020. See The Home Depot
The Lowe’s Companies, Mooresville, NC, announced first quarter (ended January 28, 2022) net sales were 5.0% higher than the fourth quarter 2020 at $21.3 billion. Net earnings of $1.2 billion jumped 23.3% from the same period last year. See Lowe’s Companies