Lowe's stock jumps as same-store sales rise for first time in 2 years
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Lowe's stock increased as the company reported a rise in same-store sales for the first time in two years. Despite beating quarterly expectations, Lowe's provided a cautious full-year outlook, similar to its competitor Home Depot.
February 26, 2025 | 12:15 pm
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Lowe's stock rose due to an increase in same-store sales, marking the first rise in two years. The company exceeded quarterly expectations but issued a cautious full-year outlook.
The rise in same-store sales is a positive indicator for Lowe's, suggesting improved performance. Beating quarterly expectations further boosts investor confidence. However, the cautious full-year outlook tempers enthusiasm, aligning with Home Depot's similar stance.
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