Earnings

Lowe’s (LOW) earnings Q2 2021 beat projections

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Lowe’s outpaced earnings estimates on Wednesday, as sales of home decor and the growth of its home installations and professional business helped drive sales in the second quarter.

Shares rose more than 3.5% in premarket trading.

CEO Marvin Ellison said demand for kitchen, bath, flooring and appliances remains strong, but the home improvement retailer has noticed a shift in its business. He said more customers are shopping on weekdays, as they spend weekends on vacations, at parks or at social events again.

Still, he said he remains confident that people will continue to spend on their homes — especially since many now have bigger houses or larger yards. Some have taken advantage of low…



Source cnbc.com

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