Why You Should Keep an Eye on Lowe’s Stocks for the Remainder of the Year View!
The recent results exceeded expectations due to good cost controls and above-plan sales driven by strong online sales and professional sales.
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The home improvement sector may be on the road to recovery. Last week, shares of Lowe’s (NYSE: LOW) rose slightly after the home improvement retailer reported earnings and sales that surpassed expectations, suggesting that the industry is gradually recovering. Just like its competitor Home Depot (i), Lowe’s reported positive comparable store sales growth for the first time in two years, up 0.2% from the previous year. A strong holiday season, combined with growth in Lowe’s construction business and rebuilding efforts after last fall’s hurricanes,...
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