Home Depot Hits Milestone

The Home Depot had sales of 41.1 billion in the second quarter of 2021, an increase of $3.1 billion (8.1 per cent) from the second quarter of 2020. Comparable sales for the quarter increased 4.5 per cent. Ten of 14 merchandising departments posted positive comps, led by kitchen and bath and lumber. Net earnings for the second quarter amounted to $4.8 billion compared to $4.3 billion in the year-ago period. Due to their sales success, the company was able to achieve a $40 billion milestone in quarterly sales for the first time in the company’s history.