Lowe's earnings beat estimates, but retailer's same-store sales fall 1.2%
A customer pushes a shopping cart towards the entrance of a Lowe's store in Concord, California, on Tuesday, Feb. 23, 2021.outpaced earnings estimates on Wednesday, as projects by home professionals helped drive sales in the second quarter.Here's what the company reported for the fiscal second quarter ended July 30 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Lowe's profits rose toThe results outpaced the $4.
The home improvement retailer has reported quarter after quarter of eye-popping growth. However, that has teed up almost inevitable disappointment for investors as consumers reemerge into the world and can choose to spend money in other ways, from booking vacations to planning parties.
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