Lowe's Cos reported a lower-than-expected drop in quarterly sales on Tuesday, helped by more small-scale repairs undertaken by inflation-hit Americans, who have otherwise cut back on big-ticket discretionary home improvement projects.
Home-improvement retailer Lowe's (LOW) reports first-quarter earnings before the bell Tuesday, a week after rival Home Depot (HD) reported its own.
Lowe's (NYSE: LOW), a home-improvement retailer, is scheduled to report its fiscal first-quarter results on Tuesday, May 21. We expect the company's stock to likely see little to no movement with revenue and earnings matching market expectations in the fiscal first quarter.
Lowe's (LOW) strategic adaptability, evidenced by its proven growth initiatives and bullish outlook on the home improvement industry, reinforces its position for long-term success.