Home Depot (HD) Increased Earnings by 31.2% YOY in Q2

Atlanta, GA, August 14, 2018-The Home Depot reported a Q2 net sales increase of 8.4% year over year (YOY) and 6.6% increase for the first half.

Comparable sales for the second quarter of fiscal 2018 in the U.S. were positive 8.1%.

Net earnings for the quarter rose by 31.2% YOY and 26.1% for the first half.

"As expected, the majority of seasonal sales we missed in the first quarter were recovered in the second quarter," said CEO Craig Menear during the earnings conference call. "Customers continue to respond to ongoing investments and enhancements we are making in support of the customer experience."