Lowe’s Posts Mixed Results, Sees Spring Surge
CEO Marvin Ellison says the retailer's turnaround is progressing, citing "results we are seeing in early spring categories."
Lowe’s Announces Mexico Exit, Q3 Sales Miss
While Lowe's is streamlining its business, it "still has to address its status as a second-fiddle retailer."
There’s No Retailer Like Home Depot
The company crushed earnings forecasts and called the Trump administration's tariffs on lumber and appliances "manageable."
Home Depot Sales Hit by Slow Spring Spending
It was a "garden story" for the retailer in Q1 as severe winter weather weighed on sales of gardening supplies.
Lowe’s Falling Margins Drive 5% Stock Slide
The retailer spent heavily in Q4 to convert store traffic into sales but gross margins fell 68 basis points to 33.73%.
Hurricanes Add $282M to Home Depot Sales
The retailer's same-store sales rose 7.9% in Q3 as hurricanes sent consumers to its stores in the South for rebuilding supplies.
Lowe’s Shares Drop 3% on Q1 Earnings Miss
Same-store sales grew 1.9%, above the company's historical average but below rival Home Depot's 5.5% gain in its first quarter.
Lowe’s Buys Wholesaler to Boost Pro Business
The $512 million acquisition of Maintenance Supply Headquarters will enhance Lowe's ability to serve customers such as contractors.