Lowe's wants to come out of this COVID-19 crisis a better company than it was going into it, CEO Marvin Ellison said.Lowe's just posted a 34.2% jump in year over year comparable sales in its second quarter.
"We are looking forward to building on this momentum on the back half of 2020 and for years to come," CEO Marvin Ellison said on the call.Consumers are continuing to flock to Lowe's for paint, interior decor, and lighting fixtures during the coronavirus pandemic, leading to bombshell quarterly earnings results for the home improvement retailer.
"We are looking forward to building on this momentum on the back half of 2020 and for years to come," he added. Bill Boltz, Lowe's vice president of merchandising, reiterated the company's belief that Lowe's shoppers have developed a "keen focus on the home" during the pandemic, with so many individuals working from home.
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