Home Depot's struggles may be behind it [Yahoo! Finance]
Lowe's Companies, Inc. (LOW)
Last lowe's companies, inc. earnings: 2/26 06:00 am
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Source: Yahoo! Finance
However, Home Depot went through a rough patch earlier this year and warned that sales would be weaker than expected in the latter half of 2024 due to high interest rates and consumer uncertainty. Related: Home Depot CEO sounds the alarm on a growing problem During the company's second-quarter earnings call, Ted Decker, chairman, president, and CEO, said, “Higher interest rates and greater macroeconomic uncertainty pressured consumer demand more broadly, resulting in weaker spend across home improvement projects.” Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter "Additionally, we saw continued softness in spring projects, which were also impacted by the extreme weather changes throughout the quarter," he said. Nevertheless, Decker said the fundamentals of the home improvement market remain strong, "and we have significant growth opportunities in front of us." Jeff Greenberg/Getty Images So, how are things looking now? Well, the Joint Center for
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Earnings
- 11/19/24 - Beat
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Sec Filings
- 12/23/24 - Form 4
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- 11/29/24 - Form 4
- LOW's page on the SEC website