Lowe's tops expectations after hurricanes drive home retail demand
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Lowe's Companies Inc reported better-than-expected third-quarter results, driven by increased demand following hurricanes Helene and Milton. The company saw strong storm-related, professional, and online sales, which compensated for weaker demand in larger DIY items.
November 19, 2024 | 12:45 pm
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Lowe's Companies Inc exceeded third-quarter expectations due to increased demand from hurricanes, with strong storm-related, professional, and online sales.
Lowe's reported strong earnings due to increased demand from hurricanes, which boosted storm-related, professional, and online sales. This positive performance is likely to have a favorable short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100