Home Depot made $2.44 billion in the second quarter of 2016, an increase of 9.41 percent compared with a profit of $2.23 billion in the second quarter of 2015, and the highest quarterly profit in company history, according to the company’s filing.
Home Depot made $2.44 billion in the second quarter of 2016, an increase of 9.41 percent compared with a profit of $2.23 billion in the second quarter of 2015, and the highest quarterly profit in company history, according to the company’s filing.
Net sales in the second quarter were $26.47 billion, a 6.6 percent increase from the second quarter of 2015’s sales of $24.82 million.
Comparable store sales for the second quarter of 2016 were up 4.7 percent year-over-year, and comparable store sales for United States stores were up 5.4 percent year-over-year.
“We had a solid quarter, achieving the highest quarterly sales and net earnings results in company history as housing continues to be a tailwind for our business,” said Craig Menear, chairman, CEO and president, in a statement. “This was made possible by our hard-working associates in their continued dedication to our customers.”
