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Key Takeaways from Home Improvement Retailer Lowe’s Second Quarter Results



 

Key Takeaways from Home Improvement Retailer Lowe’s Second Quarter Results

Key Takeaways from Home Improvement Retailer Lowe’s Second Quarter Results
News from GuruFocus.com:

The second largest home improvement retailer, Lowe (LOW), reported its second quarter earnings (ended August 1), beating top and bottom-line expectations. Sales, same-store sales, net earnings, and guidance showed decent year-over-year gains and the management is quite upbeat about Lowe’s performance. For gaining better insight, let’s jump directly to the numbers and take a look at the major takeaways.

Revenue climbs

As the U.S. housing industry is on the path of revival, it is having a positive impact on home improvement retailers like Lowe that saw its revenue climb 5.7% to $ 16.6 billion, from $ 15.7 billion a year ago. The reported revenue met the Bloomberg analysts’ estimate for the quarter. Comparable sales for the quarter have improved 4.4%, up 0.3% from that expected by analysts based on estimates compiled by the Consensus Metrix.

As on August 1, Lowe had 1,837 home improvement and hardware stores operational in U.S., Canada and Mexico. The favorable weather conditions during…………… continues on GuruFocus.com

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Related News:

Porch brings data-driven transparency to the home improvement market – TechRepublic
News from Porch brings data-driven transparency to the home improvement market – TechRepublic:

Porch is a home improvement network that’s built upon a professional graph of over 1.5 million people, 90 million projects, and $ 2 trillion. Read about the startup’s innovative use of open and closed data.

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 Image: Porch

Back in my twenties, I was apprenticed to a general contractor for 18 months and then spent a year renovating a house and working for another builder. In the process, I learned a lot about hard work, craft, design, discipline, materials, power tools, safety, teamwork, and staying warm in New England winters, among other lessons. I also learned that there’s a gradient of professionalism and skill through the trades. Unless you have inside insight and relationships, it’s difficult to know who to trust, and for what. While subscription-based online resources like Angie’s List or

… Read the full article


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