2Q Net Income Up 7% at Home Depot

Second-quarter net earnings rose 7% from the same period last year to reach $1.5 billion at The Home Depot as sales also grew 2% to hit $20.6 billion for the period ended June 30, the company announced today. Operating income at the Atlanta-based big-box retailer was $2.6 billion, up 13% from last year’s second quarter. “As expected, second-quarter sales reflected the pull forward ot season activity in the first quarter,” said Frank Blake, chairman and CEO. “But we saw continued demand for core products and delivered second-quarter earnings above our expectations.”

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