The home improvement retailer also reaffirmed its annual forecast, a day after rival Home Depot did the same. Atlanta-based Home Depot also said it would not raise its prices, betting that its diversified supply chain and stronger hold in the professional customer base would help it tide over tariff-led uncertainty. Escalating fears over the economic impact of U.S. President Donald Trump's trade policy have led to a plunge in consumer sentiment in recent months, further driving customers away from large-scale renovation projects that typically require refinancing.
Lowe's Tops Profit Estimates, Affirms Full-Year Outlook
Shares of Lowe's Cos. rose in premarket trading Wednesday after the home-improvement retailer posted first-quarter profit above analysts' expectations and backed its full-year outlook.
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The home improvement chain beat low expectations as tariffs remain a top concern.
Home Depot has tried to attract more business from contractors, roofers and other professionals during a slower housing market.
Lowe's posted more than 10% sales growth in the fourth quarter at a time when housing turnover and home improvement demand are…
Home Depot beat fourth-quarter earnings expectations after missing estimates the prior three quarters.
CFO Richard McPhail said Home Depot continues to see the effects of a "deferral mindset" from homeowners, which began in roughly…
For some imported goods, tariff rates are significantly higher today than they were at this time last quarter, according to Home…
