Lowe, Home Depot
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Lowe's (LOW) delivered on subdued expectations after years of post-pandemic struggles. The home improvement chain reported earnings on Wednesday morning that matched estimates on revenue and beat on earnings.
The home improvement retailers reported customer service improvements and easier information gathering as access to the technology expanded.
Lowe’s said it faces housing-market headwinds and near-term economic uncertainty, but kept its 2025 earnings projections in place.
Lowe's Companies ( NYSE: LOW) gained in premarket action despite beating consensus estimates with its Q1 earnings report and sticking by its full-year guidance despite the macroeconomic backdrop.
As Home Depot and Lowe’s get set to report earnings this week, April sales data from independent firms have investors gauging the likelihood of recession against the uncertainty of tariff whiplash.
Home Depot earnings are expected to show that consumers likely pushed off home renovation projects yet again this quarter.
Home Depot and Lowe’s are both about to report their financial results for the first quarter of the year. Those reports — out later this week — will give us some sense of how spendy homeowners were feeling in the first three months of the year, before much tariff-driven uncertainty had taken hold in this economy.
Home improvement retailer Lowe's posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs.
Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
One sector thrived during and after the pandemic, however: home improvement. 💰💵Don’t miss the move: SIGN UP for TheStreet’s FREE Daily newsletter💰💵 Lowe's (LOW) and Home Depot (HD) saw major growth surges during the pandemic,