Dossier
Richard McPhail
Coverage of Richard McPhail in the Nexus archive.
- Home Depot's sales are lifted by customers who focused on smaller projects over the summer
Home Depot reported improved sales for the second quarter, reaching $47.86 billion as customers focused on smaller projects. The company's strong quarterly performance was highlighted by a 1.3% rise in U.S. comparable store sales and an earnings per share of $4.92, exceeding Wall Street predictions. This solid result comes despite pressure from the housing market slump due to climbing mortgage rates.