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 News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »