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Lowe’s Increases Focus on Pro Sales

Sept. 8, 2023
The company's stock price rose on some bullish news about its most recent financial quarter.

Lowe’s most recent financial report showed that more contractors are shopping at its home centers, boosting the company’s sales. “Our investments in our Total Home strategy continued to drive growth across Pro and online this quarter,” said Marvin Ellison, Lowe’s chairman, president and CEO, in the press release. “And we are excited by our recent launch of same-day delivery nationwide and the expansion of our rural merchandising framework to roughly 300 stores. Our ability to reduce expenses while improving customer service is the result of excellent execution by our team, and we remain confident in the mid- to long-term outlook for the home improvement industry.”