Lowe's Outperformance Driven by Home Renovation Demand

2 months ago

"Lowe's uh up about 4% in today's session. Throughout the day, we did see it as a top gainer in the S&P 500. Uh the retailer reported profit that topped expectations held by consumer spending on home renovations. uh reported positive same store sales growth for a second consecutive quarter on strength in its digital channel and in home services. Adjusted its fullear profit target to approximately $12.25 per share this fiscal year. Uh accounting for uncertain economic conditions and its recently closed acquisition. So an outperformer in that one."

Lowe's is performing strongly, up about 4%, driven by robust consumer spending on home renovations and consistent same store sales growth. The company has also adjusted its full-year profit target to approximately 12.25 per share, reflecting strengths in its digital channel and home services amid economic uncertainty.

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