Newsletter
Shop
Login
Menü
Subscribe now
The Home Depot, the world's largest home improvement retailer, reports sales of USD 38.053 bn (EUR 32.086 bn) for the second quarter of fiscal 2020/2021, a 23.4 per cent increase from the second quarter of fiscal 2019. Comparable sales were positive 23.4 per cent, and comparable sales in the US were positive 25.0 per cent.
For the overall first six months of the financial year (ending 2 August 2020), sales totalled USD 66.313 bn, which is 15.9 per cent more than the same period last year.
Thus, the Covid-19 pandemic has enormously boosted sales by the global market leader. However the company emphasises that in the second quarter, it invested approximately USD 480 mio in additional benefits for associates, including weekly bonuses for hourly associates in stores and distribution centres. Year-to-date, the retailer has spent approximately USD 1.3 bn (EUR 1.1 bn) on enhanced pay and benefits in response to Covid-19. Additionally, the company's first half performance resulted in a record payout for Success Sharing, the company's profit-sharing program for hourly associates.
For the overall first six months of the financial year (ending 2 August 2020), sales totalled USD 66.313 bn, which is 15.9 per cent more than the same period last year.
Thus, the Covid-19 pandemic has enormously boosted sales by the global market leader. However the company emphasises that in the second quarter, it invested approximately USD 480 mio in additional benefits for associates, including weekly bonuses for hourly associates in stores and distribution centres. Year-to-date, the retailer has spent approximately USD 1.3 bn (EUR 1.1 bn) on enhanced pay and benefits in response to Covid-19. Additionally, the company's first half performance resulted in a record payout for Success Sharing, the company's profit-sharing program for hourly associates.
