In the fourth quarter, Restoration Hardware sales and earnings slid, but CEO Gary Friedman insisted that the company has positioned itself for growth. Net income was $11.4 million, or 57 cents per diluted share, versus $106.9 million, or $4.21 per diluted share, in...
Strong consumer and pro sales helped propel Lowe’s Cos. to better-than-anticipated third-quarter results. For the quarter, Lowe’s recorded net earnings of $154 million, or 25 cents per diluted share, versus $1.9 billion, or $2.73 per diluted share, for the...
Retail sales in the United States, excluding automotive, increased 11% year over year in September, according to Mastercard SpendingPulse, as a cooling housing market limited Furniture and Furnishings, and Hardware sector growth, but less COVID-19 pandemic concerns...
Home centers such as Lowe’s may be underestimated in a sector where macroeconomic influences have an effect, but also where some factors may be underappreciated. In the first quarter ended May 1, Lowe’s posted net earnings of $2.32 billion, or $3.21 per diluted share,...
