The Home Depot reported its eighth consecutive quarter of a decrease in comparable sales, as comparable sales fell 1.2% in Q3. The retailer also reported sales of $40.2 billion, an increase of 6.6% year over year. “While macroeconomic uncertainty remains, …
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How to Approach Risk Mitigation Like the Big Boxes Do
It’s annual report season, which means analysts and investors are poring over 10-Ks and other government filings to see who met expectations in 2023, who fell short and what’s to come in 2024. As an independent home improvement operator, you …
Read More »Lowe’s, Toro Announce Strategic Partnership
The Toro Co. and Lowe’s Cos. Inc. announced a strategic retail partnership through which Lowe’s will carry Toro zero-turn riding mowers, walk mowers, portable power equipment and snow blowers in both the gas and rapidly expanding battery categories. The Toro …
Read More »Big-Box Financials Released for Q2 2023
Several big-box retailers have released their financial data for the second quarter of 2023, reflecting downward trends in sales for some operations and a positive quarter for others. For a quarter-to-quarter comparison, see how these same retailers performed in Q1 …
Read More »Analyzing Q2 2021 Big-Box Sales
Investigating big boxes’ second-quarter sales can help every independent home improvement operator position their own operations for success. Take a look at the latest financial reports from Home Depot, Lowe’s and Tractor Supply to learn how each has fared during …
Read More »Lowe’s Reports $27.6B in Q2 2021 Sales
Lowe’s has announced its second-quarter 2021 financial results, confirming $27.6 billion in net sales for the period. The figure represents a 1.1 percent increase over the same period in 2020. The company reported net earnings of $3 billion, a 7 …
Read More »Home Depot’s Q2 2021 Sales Reach $41B
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 …
Read More »Home Depot Continues $1.2B Supply Chain Investment
Big-box chain Home Depot has announced the opening of a new distribution center in Baltimore. The new 800,000 sq. ft. facility is designed to improve delivery to customers throughout the region. Stephanie Smith, senior vice president of supply chain for …
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