Recent fourth quarter 2012 reports from both companies show that Home Depot brought in $18.2 billion in sales, and $1.0 billion in earnings, while Lowes brought in $11.0 billion in sales and $288 million in earnings.
Compared to last year’s 4Q 2011 reports, where Home Depot brought in $16 billion in revenue and $774 million in earnings, and Lowes brought in $11.6 billion in revenue and $322 million in earnings, Home Depot’s numbers are a little better this year while Lowes’ are a little worse.
Sears’ fourth quarter results are due to be announced on 2/28/13, and we’ve got our fingers crossed hoping that they stopped hemorrhaging money.
For all of 2012, Home Depot saw $74.8 billion in sales and $4.5 billion in earnings, while Lowes saw $50.5 billion in sales and $2.0 billion in revenue.
Home Depot Q4 2012 Earnings Release (PDF)
Lowes Q4 2012 Earnings Release
I’m hoping, for Lowe’s sake, that there is a typo, and they earned more than $288 this quarter. That’d be pretty tough.
Thanks for the catch! Fixed it to read $288 million. I only today noticed a similar omission in last year’s post.
Still, it’s not impossible. Sears did lose over $2B in 4Q 2011. I bet they would have been happier with $288 earnings.
Unfortunately Sears is projected to lose money.. Although not as much as they have in the past..