Saw increased pressure on bigger ticket purchases in Q3. Expects to grow Pro sales at 2x the pace of the market. “Pleased” with performance of outlet locations. Says rural customers best DIY segment. Says “bullish” on medium to long term outlook of housing industry. Comments taken from Q3 earnings conference call.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on LOW:
- Unusually active option classes on open November 21st
- Lowe’s (NYSE:LOW) Slides After Q3 Sales Miss
- Options Volatility and Implied Earnings Moves Today, November 21, 2023
- Lowe’s cuts FY23 EPS view to $13.00 from $13.20-$13.60, consensus $13.32
- LOWE’S REPORTS THIRD QUARTER 2023 SALES AND EARNINGS RESULTS
