, the Atlanta-based company trimmed its full-year revenue outlook, partially due to potential tariff impacts. It estimated the Dec. 15 tariffs and the 25% tariffs already in place could raise its cost of sales by about $2 billion, or about 2% of annual sales.Rivalis slated to report its earnings before the bell on Wednesday. Lowe's CEO Marvin Ellison, who stepped into that role in July of 2018, has focused much of his attention on the professional contractor.
Shares of Home Depot hit a 52-week high on Monday of $239.31. The stock, which is valued at $262 billion, has risen 39% as of Monday's close. Rival Lowe's, which has a market value of nearly $89 billion, has gained 24% year to date.
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