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Stock impact report

Lowe's sounds alarm bells around a growing problem [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The company is relying on three factors to help tackle the problem. In its third-quarter earnings report for 2024, Lowe's revealed that its customers have grown weary of spending money in its stores. Lowe's comparable sales during the quarter declined by 1.1% year over year. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter Also, according to a recent report from Placer.ai, Lowe's saw store visits decline by roughly 4% compared to the same quarter last year. The retailer also trailed behind its main competitor Home Depot, which accounted for about 29% of visits to home improvement and furnishing chains across the country during the third quarter; Lowe's accounted for almost 21%. Related: Lowe's cuts back major policies amid woke blowback Decreases in the number of visits and consumer spending have contributed to the company's net earnings slipping by roughly 4.6% compared to the same quarter in 2023.ing During an earnings call on Nov. 19, Lowe's CEO Show less Read more
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