Company Of The Day: Lowe’s
What?
Home improvement retailer Lowe’s (NYSE:LOW) posted a mixed set of Q1 2022 results. While revenue declined by about 3% year-over-year to $23.66 billion, earnings improved to $3.51 per share, from $3.21 a year earlier.
Why?
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Lowe’s caters largely to do-it-yourself (DIY) customers and sales took a hit as colder weather through the spring apparently hurt DIY projects.
So What?
Lowe’s stock was down by about 5% in Wednesday’s trading.
See Our Complete Analysis For Lowes
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