Home improvement stores Home Depot and Lowe's recently shared their financial results. It's like a report card showing how well they did! Both stores had some good news and some challenges.
They are focusing more on selling to professional builders, not just people doing DIY projects at home. This is helping their sales.
- Home Depot had higher sales than last year.
- Lowe's sales stayed about the same as last year.
- Higher interest rates are making it harder for people to buy homes and do home improvements.
| Company | Sales | Profit Growth |
|---|---|---|
| Home Depot (Q4) | $39.7 Billion | Increased |
| Lowe's (Q4) | $18.6 Billion | Increased |
Even though things are a bit tough, these stores are still doing okay. It shows that the home improvement business might be getting better!
