MOORESVILLE, N.C. — Lowe’s trailed rival Home Depot in Q2, falling short of the 4.1% gain in same-store sales predicted by analysts with an increase of just 2% for earnings of $1.17 billion. Revenues similarly rose but failed to meet expectations, increasing to $18.26 billion, some $185 short of the Thomson Reuters consensus estimate. At the same time, CEO and Chairman Robert Niblock said the company is poised “to capitalize on a favorable macroeconomic backdrop for home improvement in the second half of the year.”
Lowe’s Q2 earnings miss mark
Most Recent
Most Read
Consumer boycott of Loblaw Companies begins
Fri, May 03rd, 2024
Pont-Masson ad evokes a classic movie
Fri, May 03rd, 2024
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024
Amazon announces first quarter results, triples profits
Wed, May 01st, 2024