Lowe's Companies is a leading home improvement retailer that specializes in providing a wide array of products and services for home renovation and repair projects
The company offers a vast selection of building materials, appliances, tools, hardware, and garden supplies, catering to both DIY enthusiasts and professional contractors. With a strong focus on customer service, Lowe's aims to create an enjoyable shopping experience, featuring knowledgeable staff who can assist customers in finding the right solutions for their home improvement needs. In addition to its physical stores, Lowe's also provides online shopping options, allowing customers to access resources and purchase products conveniently from their homes.
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Lawrence McDonald, founder of Bear Traps Report, called Warren Buffett the "GOAT" of asset management on Sunday while noting the legendary investor put "very little capital to work" during the 2020 COVID market drawdown compared to 2022's market stress.
Total earnings for the 456 S&P 500 companies that have reported results are up +13.6% from the same period last year on +5.5% higher revenues, with 77.6% beating EPS estimates and 66.7% beating revenue estimates.
Home improvement retailer Lowe’s (NYSELOW) reported Q4 CY2024 results beating Wall Street’s revenue expectations, but sales were flat year on year at $18.55 billion. On the other hand, the company’s full-year revenue guidance of $84 billion at the midpoint came in 0.9% below analysts’ estimates. Its GAAP profit of $1.99 per share was 8.5% above analysts’ consensus estimates.
Lowe's Companies, Inc. (NYSELOW) reported Q4 earnings above expectations with adjusted EPS of $1.93 and sales of $18.553 billion. The company remains confident in the home improvement industry and plans to return $6.5 billion to shareholders for fiscal 2024. LOW stock is trading 3.64% higher premarket.
Investors are getting more insight into the strength of the consumer and the home building market as Home Depot released its Q4 results this morning with Lowe’s report scheduled for Wednesday, Feb 26.
