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Sales at stores open more than 12 months fell 17.2 percent, much steeper than the 12 percent drop expected by analysts.
The flooring retailer posts a bigger than expected decline in fourth quarter sales.
Feb 24- Home improvement chain Lowe's Cos Inc reported an increase in quarterly comparable sales that paled in comparison to those of rival Home Depot Inc, despite beating Wall Street expectations. Home Depot and Lowe's are benefiting from pent-up demand for houses after the 2008 financial crisis, while low interest rates and growth in jobs, wages and credit...
*Housing market improvement boosts results, forecast. Feb 24- Lowe's Cos Inc, the world's No.2 home improvement chain by market share, reported a better-than-expected rise in quarterly sales and forecast 2016 sales above estimates as it benefits from a steady improvement in the U.S. housing market. Lowe's said it expects sales for the current fiscal year, which...
Brian Nagel, Oppenheimer & Company, breaks down Lowe's quarterly results and weighs in on the "overall strength" in the home improvement retail market.
Home Depot, the No. 1 U.S. home improvement chain, reported better-than-expected sales as demand rose amid an improvement in the housing market.
Brian Nagel, Oppenheimer & Company, breaks down the home improvement company's fourth quarter results, which beat expectations on both the top and bottom line, posting earnings of $1.17 on revenues of $21.0 billion.
Feb 23- Home Depot Inc, the No. 1 U.S. home improvement chain, reported a 9.5 percent rise in quarterly sales, helped by a recovery in the housing market. Net earnings rose to $1.47 billion, or $1.17 per share, in the fourth quarter ended Jan.31, from $1.38 billion, or $1.05 per share, a year earlier. Revenue rose to $20.98 billion from $19.16 billion.
Lumber Liquidators shares tumbled on Monday after revised regulatory report found that wood flooring carries a higher cancer risk.
Amazon.com is quietly inviting drivers for its new "on-demand" delivery service to handle its standard packages.
The home improvement retailer plans to acquire Rona to enter the Canadian province.
*Lowe's to pay C $24/ shr per common share, C $20 for prefs. Feb 3- U.S. home improvement retailer Lowe's Cos Inc agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, winning over Rona's board with a far higher offer than its previous unsolicited bid more than three years ago that was opposed by the company and politicians in Quebec. North Carolina- based...
Feb 3- U.S. home improvement retailer Lowe's Companies Inc said it agreed to buy Canada's Rona Inc in a deal valued at C $3.2 billion, after its previous bid ran into opposition from the company, dealers and politicians in Quebec. Only 40 of Lowe's 1,850 stores in North America were located in Canada as of March. Rona has 700 stores across Canada, according to its...
Feb 3- U.S. home improvement retailer Lowe's Companies Inc said it would buy Rona Inc in an all-cash deal valued at C $3.2 billion to expand its presence in Canada. Lowe's will pay C $24 per share for Rona's common shares, more than double the stock's closing on Tuesday. The deal also include a C $20 per share cash payment for Rona's preferred shares.
Tax officials have launched a crackdown on VAT evasion by overseas online retailers, the Financial Times reports.
Jim Cramer explains why Target didn't exceed earnings expectations.
Lowe's delivered quarterly earnings that topped analysts' expectations on Wednesday, helped by a strong recovery in the U.S. housing market.
The "Halftime Report" traders deliver their retail stock picks for the second half.
Home Depot delivered quarterly earnings that topped analysts' expectations, helped by strong demand from professional contractors and builders.
Brian Nagel, Oppenheimer & Company, breaks down Home Depot's quarterly results, which beat Street estimates of $1.36 Adj. versus $1.32 Est.