Home Depot, Inc. (The) (NYSE:HD), Lowe’s Companies, Inc. (NYSE:LOW) – Are Home Depot And Lowe’s Amazon-Proof?

 Home Depot, Inc. (The) (NYSE:HD), Lowe’s Companies, Inc. (NYSE:LOW) – Are Home Depot And Lowe’s Amazon-Proof?

Home Depot Inc (NYSE: HD) and Lowe’s Companies Inc (NYSE: LOW) traded lower Wednesday after both of theĀ home improvement retailers reported better-than-expected financial results.

Home DepotĀ Earnings: Home DepotĀ reported first-quarter earnings of $3.86Ā per share, which beat the estimate of $3.07, andĀ reported quarterly revenue of $37.5Ā billion, which beat the estimate of $34.89Ā billion.

ā€œFiscal 2021 is off to a strong start as we continue to build on the momentum from our strategic investments and effectively manage the unprecedented demand for home improvement projects,ā€ said Craig Menear, chairman and CEO of Home Depot.

See Also: How Home Depot Is Winning And Could Keep Momentum

Lowe’sĀ Earnings: Lowe’s reported first-quarter earnings of $3.21 per share, which beat the estimate of $2.54, and reported quarterly revenue of $24.4 billion, which beat the estimate of $23.35 billion.

“Our outstanding performance continued this quarter, as we delivered strong sales growth and operating margin expansion.Ā We delivered over 30% growth in Pro, over 18% growth in all 15 U.S. regionsĀ and growth inĀ CanadaĀ that outpaced the U.S.,” saidĀ MarvinĀ Ellison,Ā president and CEO of Lowe’s.

Sharma Comments: Rahul Sharma, founder and managing director of Neev Capital, told Benzinga thatĀ Home Depot and Lowe’s are the only two major players in the large home improvement market and this gives the pairĀ cost advantages.

Read more…www.benzinga.com

Related post

contact slider
close slider

    Are you a service provider looking for leads or a client looking for a service provider? Drop us a line!