Tag: Lowes

Home Depot, Lowe’s to see higher sales as owners remodel amid rising rates

November 22, 2022 admin

Nov 14 (Reuters) – Home Depot Inc (HD.N) and Lowe’s Cos Inc (LOW.N) are likely to report rising sales in the third quarter as Americans continue to spend on home improvements in contrast to other retailers facing declining discretionary spending due to surging prices.

Wall Street analysts see the largest U.S. home improvement chains benefiting as rising interest rates encourage home owners to renovate existing properties rather than move on, while professional contractors have a backlog of work to clear.

“While the prevailing narrative would suggest otherwise, the sky is not yet falling across housing retail,” Wells Fargo analyst Zachary

Home Improvement

10 of the best early Black Friday deals at Lowes and Home Depot, from tool sets and lawn mowers to drills and more

November 20, 2022 admin

Both Lowes and The Home Depot are offering great deals ahead of the day after Turkey Day, so we’ve rounded up 5 of the best deals on each site so you can jump on the savings before the door gets bust down (and then you’ll be ready to fix it!).

Mario Tama/Getty Images

Gifts are often top of mind this time of year — but with Black Friday on the horizon, if you’ve been putting off any work on your home, you can cash in on the sales. True home improvement can be quite pricey, after all. But we’re in

Home Improvement

Lowe’s (LOW) earnings 3Q 2022

November 17, 2022 admin

Lowe’s said Wednesday that high inflation isn’t hurting sales as it reported third-quarter earnings that beat Wall Street expectations.

The company also upped its guidance for its full-year earnings. Shares of Lowe’s rose 3% Wednesday.

Company executives on Wednesday noted they are confident in Lowe’s business, despite macroeconomic pressures, as they saw customers continue to up discretionary spending and a good quarter for both the professional and do-it-yourself home improvement segments.

Lowe’s now expects full-year earnings of $13.65 to $13.80, up from $13.10 to $13.60. The home improvement retailer also lowered the top end of its revenue outlook to about

Home Improvement

If You Get This Message From Lowe’s, Don’t Open It, Experts Warn

July 25, 2022 admin

These days, retailers are able to connect with shoppers more easily than ever before. From texts about new sales to email updates about online orders, you likely receive countless messages from your favorite stores every week. But while you’re sorting through dozens upon dozens of correspondences from companies to figure out what to keep and what can be deleted, be careful you don’t fall into a trap. There’s a new scam involving one of the nation’s most notable home improvement retailers, and it could easily catch you off-guard. Read on to find out what Lowe’s message you should make sure

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Home Depot Vs. Lowe’s: Battle Of The Home Improvement Chains

July 24, 2022 admin

This article was coproduced with Mark Roussin.

Not long ago, the housing market was once the darling of the U.S. economy. It was an unstoppable force, with sellers making money hand-over-fist in ever-rising amounts.

Now things are beginning to soften – though notice I didn’t say “decline” or “weaken.” Only “soften.”

That might sound surprising considering our current situation, with red-hot inflation, weakening job stats, and what looks like an oncoming recession. And indeed, buyers are becoming more hesitant to sign on the dotted line.

Those who do have been canceling them at the highest rate since early 2020.

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Lowe’s Sales Sag Amid Home Improvement Decrease

August 24, 2021 admin

North Carolina-based Lowe’s saw its comparable sales slip by 1.6 percent in the second quarter, the company said on Wednesday (Aug. 18), led by a drop of 2.2 percent in the company’s home improvement business.

Total sales in the three months ending July 30 were $27.6 billion, up slightly from $27.3 billion in the second quarter of 2020. Lowe’s saw 21 percent growth in its Pro segment and a 10 percent boost in installation services in the second quarter of this year. Online sales went up about 7 percent year over year, compared to a 135 percent spike the

Home Improvement

Q2 Earnings Preview: Home Depot, Lowe’s To Benefit From Strong Housing Market

August 18, 2021 admin

Home improvement retailers, Home Depot (NYSE:) and Lowe’s (NYSE:), have seen their sales soar during the pandemic. With the housing market remaining strong, that winning streak, which has so far spanned six quarters—is likely to continue when both of these companies announce their latest earnings during the coming week.

Despite massive job losses and bankruptcies in industries battered by lockdowns and social distancing measures, home sales have been on fire across the US, as many Americans have opted to move to the suburbs, in search of more room to distance, and for remote school and home offices.

Home prices surged

Home Improvement

Both Lowes and The Home Depot are offering great deals ahead of the day after Turkey Day, so we’ve rounded up 5 of the best deals on each site so you can jump on the savings before the door gets bust down (and then you’ll be ready to fix it!).