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

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Michael Baker ニュース

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.

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