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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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Financial Performance
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."
By
Matthew Heller
| February 27, 2019
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Strategy
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."
By
Matthew Heller
| November 26, 2018
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The Economy
There’s No Retailer Like Home Depot
The company crushed earnings forecasts and called the Trump administration's tariffs on lumber and appliances "manageable."
By
William Sprouse
| August 14, 2018
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Financial Performance
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.
By
Matthew Heller
| May 15, 2018
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Financial Performance
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%.
By
Matthew Heller
| February 28, 2018
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Financial Performance
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.
By
Matthew Heller
| November 14, 2017
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Financial Performance
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.
By
Matthew Heller
| May 25, 2017
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Strategy
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.
By
Matthew Heller
| May 18, 2017
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Strategy
Home Depot Surges to Record Earnings in Q2
The retailer has benefited from the strength of the U.S. housing market but same-store sales grew at the slowest rate in nine quarters.
By
Matthew Heller
| August 16, 2016
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