Lowe's earnings top estimates as same-store sales jump 28%, warns some DIY trends could fade

  • 📰 CNBC
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Lowe's fourth quarter earnings top estimates as same-store sales jump 28%

Shoppers wearing protective masks wait in line to enter a Lowe's Cos. store in San Bruno, California, U.S., on Wednesday, May 20, 2020.said Wednesday that its fourth-quarter same-store sales climbed 28.1%, as consumers continued to spend money on home projects during the pandemic.Shares of the company were up less than 1% in premarket trading.

Lowe's reported fourth-quarter net income of $978 million, or $1.32 per share, up from $509 million, or 66 cents per share, a year earlier.

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:

 /  🏆 12. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

No Covid-19 here...

RossElletWX I feel confident in saying I did in my part in this.

I’d like to know if this is attributed to more transactions or if it’s because more money was taken in per transaction. Seems that DIY supplies increased dramatically since the beginning of the pandemic.

For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her lisaMakT Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️

SLowie100 Well done mate.

South Africa South Africa Latest News, South Africa South Africa Headlines