Lowe's Exec Says Saw Record Black Friday And Cyber Monday Online Sales And Improved Holiday Sell-Through And Margins
Portfolio Pulse from Benzinga Newsdesk
A Lowe's executive reported record online sales for Black Friday and Cyber Monday, along with improved holiday sell-through and margins during a conference call.

February 27, 2024 | 2:12 pm
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Lowe's reported record online sales for Black Friday and Cyber Monday, indicating strong consumer demand and efficient operations, leading to improved holiday sell-through and margins.
Record online sales during major shopping events like Black Friday and Cyber Monday typically indicate strong consumer demand and operational efficiency. This, combined with improved sell-through and margins, suggests that Lowe's is effectively managing its inventory and costs, which could lead to higher profitability. These factors are likely to positively influence investor sentiment and the stock price in the short term.
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