While Home Depot still reigns as the largest home center in the world, Lowe's has become the Wall Street darling with its continuing sales and earnings growth.
Lowe's, Wilkerson, N.C., buoyed by a strong housing market and its expansion into new markets, increased its third-quarter profit by 35 percent. Third-quarter net income rose from $250 million to $339 million. Total sales increased 18 percent to $6.4 billion, with same-store sales up 4.1 percent.
“Demographic and societ
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.