The Home Depot saw a 31.2 percent surge in its net earnings during the second quarter of 2018, rising to $3.5 billion compared with $2.7 billion earned in the second quarter of 2017.
The retail giant’s net sales during the quarter jumped 8.4 percent compared with the same period last year, totaling $30.5 billion.
“Not only did our seasonal business rebound from the first quarter, but our overall results exceeded our expectations,” Chairman, CEO and President Craig Menear said in a statement. “These results exemplify the outstanding execution of our combined team of store associates, merchants, suppliers and supply chain.”
Comparable sales for the company grew 8 percent during the quarter. The company operated 2,286 retail stores at the end of the quarter.
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Home Depot Profits Grow 19.4 Percent in Q1 2018
