by Mike Duff | May 21, 2024 | Retail Articles
Despite a decline in do-it-yourself shopper sales, Lowe’s managed to beat Wall Street estimates for earnings and revenues in the first quarter. Net earnings were $1.76 billion, or $3.06 per diluted share, versus $2.26 billion, or $3.77 per diluted share, in the...
by Mike Duff | Feb 27, 2024 | Retail Articles
Lowe’s Cos. topped Wall Street estimates for its fourth quarter and pointed to adjustments it is making to adjust to the current economic and consumer spending environment as it prepares for the important spring shopping season for DIY retailers. Net earnings for the...
by Mike Duff | Jan 15, 2024 | Retail Articles
Lowe’s Cos. is promoting general merchandising leader Margi Vagell to executive vice president, supply chain. Vagell (pictured above) will succeed Don Frieson, who has been executive vice president, supply chain since 2018 and is set to retire April 1, according...
by Mike Duff | Nov 21, 2023 | Retail Articles
Lowe’s Cos. did better than Wall Street expected on earnings in the third quarter but fell short on revenues as do-it-yourself customers stepped back from bigger-ticket purchases. Net earnings were $1.77 billion, or $3.06 per diluted share, versus $154 million,...
by Mike Duff | Aug 22, 2023 | Home + Housewares
Lowe’s chief Marvin Ellison, in reporting a second-quarter earnings beat for the retailer while revenues fell a bit short of expectations, said the outlook for the home improvement market is improving. Net earnings were $2.67 billion, or $4.56 per diluted share,...
