March 3, 2024

News Collective

Complete New Zealand News World

Home Depot posted an 11% increase in the second quarter

Home Depot posted an 11% increase in the second quarter

Madrid, 17 ago. (European Press) –

Home Depot, the world’s largest home renovation company, earned a net profit of $4,807 million (€4,079 million) between May and July, the multinational’s second fiscal quarter, which is an 11 percent increase compared to The same period in 2020, according to the company.

The North American DIY giant had sales of $41,118 million (€34,893 million), 8 percent more than the previous year’s second-quarter income and 4.5 percent more in comparable data.

“We achieved a milestone of more than $40,000 million in quarterly sales for the first time in the company’s history,” said Craig Miner, president and CEO of the multinational company.

During the quarter, transaction volume reached 481.7 million, 5.8 percent lower than a year earlier, although the average amount per sale rose 11.3 percent to $82.48.

In the first six months of the fiscal year, The Home Depot generated net profit of $8,952 million (€7,597 million), up 36.1 percent from the previous year, while the company’s sales increased 18.5 percent, to $78,618 million (66,715 million). euro).

See also  LinkedIn features help startups recruit, generate leads, and more