Falling tiles kill shopper at home improvement store
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Key Takeaways from Home Improvement Retailer Lowe’s Second Quarter Results
News from GuruFocus.com:

The second largest home improvement retailer, Lowe (LOW), reported its second quarter earnings (ended August 1), beating top and bottom-line expectations. Sales, same-store sales, net earnings, and guidance showed decent year-over-year gains and the management is quite upbeat about Lowe’s performance. For gaining better insight, let’s jump directly to the numbers and take a look at the major takeaways.

Revenue climbs

As the U.S. housing industry is on the path of revival, it is having a positive impact on home improvement retailers like Lowe that saw its revenue climb 5.7% to $ 16.6 billion, from $ 15.7 billion a year ago. The reported revenue met the Bloomberg analysts’ estimate for the quarter. Comparable sales for the quarter have improved 4.4%, up 0.3% from that expected by analysts based on estimates compiled by the Consensus Metrix.

As on August 1, Lowe had 1,837 home improvement and hardware stores operational in U.S., Canada and Mexico. The favorable weather conditions during…………… continues on GuruFocus.com

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