Lowe's Q4 Earnings Beat Expectations as Sales Growth Turns Positive
Lowe's has reported its fourth quarter earnings, beating Wall Street estimates and marking a significant turn in sales growth after two years of decline. The home improvement retailer's revenue reached $18.6 billion, with adjusted earnings per share of $1.93, exceeding expectations. Same-store sales increased 0.2%, driven by high-single-digit growth in the Pro business and online sales.
- As Lowe's begins to gain momentum, it's worth considering whether the company's cautious outlook on consumer spending is a sign that the retail landscape is becoming increasingly competitive, forcing players to reassess their strategies.
- What impact might the normalization of mortgage rates have on the overall housing market, particularly in terms of demand for renovation and home improvement services?