Lowe\'s beats sales estimates as lockdowns spur home improvement spending

Lowe's beats sales estimates as lockdowns spur home improvement spending

Reuters Wednesday, 20 May 2020 ()
Lowe's Cos Inc beat quarterly estimates for same-store sales on Wednesday, as coronavirus lockdowns led people to spend more on tools and paint for home remodeling and repairs, sending shares of the home improvement chain up 8%.
👓 View full article
0
shares
 
Credit: Reuters Studio - Published
News video: Home Depot profit drops on crisis costs

Home Depot profit drops on crisis costs 01:10

 Home Depot's quarterly profit fell and missed estimates Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic. Fred Katayama reports.