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Big-box home improvement chain Home Depot announced $41.1 billion in second-quarter 2021 sales, an 8.1 percent increase from the same period in 2020. The second-quarter sales represent record quarterly sales for the company.
Comparable sales for the company increased 4.5 percent globally and rose 3.4 percent in the U.S. specifically.
Net earnings stood at $4.8 billion for the second quarter of 2021, up 11.6 percent from the same period last year.
“I am very proud of our associates, who continue to demonstrate a relentless focus on serving our customers,” says Craig Menear, chairman and CEO. “As a result of their efforts, we achieved a milestone of over $40 billion in quarterly sales for the first time in Company history. I would like to extend my sincere appreciation to our team, as well as our supplier and supply chain partners, as they continue to operate in this dynamic and challenging environment.”
So far this year, sales for Home Depot are up $12 billion, indicating continued interest in home improvement. More than half of all online orders were fulfilled in Home Depot’s brick-and-mortar locations. Home Depot says pro sales outpaced DIY activity for the second straight quarter.
Earlier this month, Home Depot detailed the latest developments in its $1.2 billion supply chain investment.
At the end of the second quarter, Home Depot operated a total of 2,298 locations in all 50 U.S. states and abroad. It employs roughly 500,000 associates.
