Lowe’s Wednesday stood with a full annual forecast because the growing sales among household experts helped you to meet your self more slow demand.
The retail seller of the house was shy from the quarterly sales expectations of the wall street, but beat the earnings.
In the broadcasting of the company’s news, CEO Marvin Ellison, in stores, technology and customer service investments in the retail sale of investments in the retail sale of “close-term uncertainty and housing headlines”, he said.
The demand for improvement of the house, high interest rates and slower housing is a slow extension as an appetite to spend the appetite of US consumers to expensive projects. With Outlook, Lowe’s predicted will come out of the sale sediment this year, but with more than years of annual gains.
Lowe, high-level general sales ranged from $ 83.5 billion to $ 83.5 billion, the total income for the 2024 gross income of the total income and earnings projects for the total amount of gross income and change from 12.15 to 12.40 per share.
Lowe’s shares fell less than 2% of Wednesday.
According to the survey of analysts by LSEG, what Wall Street is waiting for what Wall Street and the first quarter of the finance is the first quarter:
- Earnings on a share: $ 2.92 vs. $ 2.88 expected
- Income: $ 20.93 billion and $ 20.94 billion is expected
In the three months of May 2, Lowe’s net income fell to $ 1.76 billion or $ 1.76 billion for a share of $ 1.76 billion or $ 2.92 per share, $ 2.92 per share. The revenue fell from $ 21.36 billion.
Comparable sales decreased by 1.7% during the year. Invalid weather, sales request, but in Lowe’s website, sales and sales between home professionals, About Ellison’s call for profit.
In the quarter, the sale of home experts, he said that in the middle in the middle. Ellison has invested in El Lowe’s investments, including expanding all the trade staff and expand the entire trade staff and expanding a Pro loyalty program.
Sales trends have improved as the weather is improved and the company appeals to the company’s store for other spring supplies and other spring items and other spring items such as garden supplies and other spring items.
CFO Brandon Zinc, comparable sales decreased by 5.4% in February, decreased compared to the previous year due to poor weather. According to him, the comparable sale increased by 1.7% in March and decreased by 2.6% in April. Some of this difference was due to the time of Easter, which was changing to March-Aprel. Lowe’s stores are closed on Easter.
Compared to other retailers, Lowe’s customers usually tend to be homeowners. Zinc, the consumer said the general “very healthy”, but still puts bigger purchases and projects.
When it comes to spending such a spending, the customers said, “He was still sitting outside.” However, he said, “Good news trends do not worsen.”
He said that Lowe’s willing projects expect a meaningful increase in projects and traffic in traffic, but do not expect to come to this fiscal year.
Lowe’s, as an opponent House warehouse This week has once again confirmed its full annual forecast and decreased the annual comparison sales in terms of annual comparison. The first quarter of the house depot was an important elevator from the SRS distribution, which sells products sold in the first quarter, housekeepers, pools and landscaping.
Both companies tried to attract more sales than home experts. The Lowe was announced in April To get an artisan design groupA company that provides installation services and flooring services, cabinets and home managers and property managers, a company that provides a $ 1.3 billion contract.
Lowse and higher tariffs for other retailers means higher costs for retailers who import goods from all over the world. In recent days, retailers shared different approaches to these costs. Diamatic CFO John David Rainey has warned that some of the company’s expenses and expected suppliers will masters the same, but it should raise the prices of customers. Home Depot’s CFO Richard McPhail, on the other hand, said that the company’s “generally maintain current price levels in our portfolio.”
With Lowe’s call, Ellison will work with suppliers and will do its best to minimize its impact on customers. Moreover, he wants to be competitive with retailers to improve the other home.
“We are not in the habit of donating the market share to the competition,” he said.
He tried to diversify Lowe’s imports and about 60% of the United States in this few years, about 60% of the United States, Lowe has worked with its source with its source. As a result, only 20% of the company’s purchase volume is from China.
“Our global source team has identified the opportunities of exciting diversification in the United States and we actively implemented all over the world,” Ellison said.
Some of these imports from China include artificial Christmas trees, ceiling fans, small items and tools, Bill Boltz, Commercial Vice President Bill Boltz. According to him, the company works with suppliers to find different countries to produce goods.
