The New Paper

February 24, 2021

Home Depot reports record growth

Home Depot reported a 25% year-over-year sales increase in Q4, marking the third consecutive quarter of record growth and bringing full-year sales to $132B. The growth was largely attributed to the ongoing global pandemic, with consumers spending more time on home projects and renovations. Home Depot is the largest home improvement retailer in the US.

Extra: Lowes (the second-largest home improvement retailer) reported similar results this morning, with last year’s sales increasing by 24% to $90B.
This story is from the February 24, 2021 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.