Lowe's earnings: What home prices, rates mean for retailer

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 43 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 63%

Michael Baker Notícia

Loyalty Programs,Marvin Ellison,Retail Sector

Home improvement retail chain Lowe's (LOW) beat earnings estimates for its first quarter, sharing revenue of $21.36 billion and gains of $3.06 per share...

, sharing revenue of $21.36 billion and gains of $3.06 per share. Lowe's saw fewer consumers roll up their sleeves and spend big on DIY home projects, but CEO Marvin Ellison isn't so worried as loyalty programs and online spending are reportedly offsetting any pull back concerns.

The company talked about the second quarter margins being impacted a little bit more than what is in consensus estimates. Uh, and so they will react positively again, both the, the sta the sales and the stock if and when rates starts to come down, uh, that's frankly what bulls are waiting for that's been delayed.

Uh We see that as, as a name continuing to take market share in this environment and we think that stock works, for instance. Canada's inflation rate cools to 2.7 per cent in April, likely giving BoC 'all clear' for June rate cutAre you wondering what TSX energy stocks could pay and grow their dividends for decades ahead? Here are two for long-term passive income! The post Want Decades of Passive Income? 2 Energy Stocks to Buy Now and Hold Forever appeared first on The Motley Fool Canada.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 47. in BR
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Lowe's Q1 earnings preview: Slower housing market, poor weather expected to hit resultsHome Depot earnings showed Wall Street with what to expect from Lowe's.
Fonte: YahooFinanceCA - 🏆 47. / 63 Consulte Mais informação »