Lowe& 39 S Home Improvement Store Locations – CHICAGO, IL – JANUARY 24: Wes Bielinski (L) helps a customer purchase a sander at a Lowe’s home improvement store on January 24, 2013 in Chicago, Illinois. Lowe’s said it plans to hire 45,000 part-time workers this spring, the home improvement retailer’s busiest time of year. The company also expects to hire 9,000 permanent part-time employees. (Photo by Scott Olson/Getty Images)
Lowe’s Companies, the world’s No. 2 home improvement chain by market share, reported better-than-expected quarterly sales growth and forecast 2016 sales to beat estimates as it benefits from a steadily improving U.S. housing market.
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The company, like larger rival Home Depot ( HD ), is benefiting from pent-up demand for homes after the 2008 financial recession, while low interest rates and rising jobs, wages and credit have spurred spending on renovations .
Lowe’s Sales Jump On Warm Weather, Hot Housing Market
Lowe’s said it expects sales for the current fiscal year, which will include an extra week, to rise 6 percent to $62.62 billion. That easily beat the 4.8 percent increase that analysts had expected on average, according to Thomson Reuters I/B/E/S.
In addition to the improving housing market, Lowe’s was also helped by unseasonably warm weather during the holiday quarter, which encouraged customers to continue outdoor activities and home renovations.
“We capitalized on the increased demand for exterior products as a result of the warmer weather, while helping customers tackle interior projects, allowing us to offer positive compositions across all product categories,” said Chief Executive Officer Robert Niblock Wednesday.
Lowe’s same-store sales rose 5.2 percent in the fourth quarter ended Jan. 29. Analysts were expecting, on average, a 3.6% increase, according to research firm Consensus Metrix.
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Net sales rose 5.6% to $13.24 billion. Analysts on average had expected revenue of $13.07 billion, according to Thomson Reuters I/B/E/S.
Lowe’s net income fell to $11 million, or 1 cent a share, from $450 million, or 46 cents a share, hurt by a $530 million impairment charge as it exited a Australian joint venture.
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The 18 Best Tools to Buy at Lowe’s in 2023 Head straight for the ultimate Lowe’s tool shopping guide.
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When it comes to workshop supplies, you can buy Lowe’s tools from some of the most trusted brands like DeWalt, Dremel, and Craftsman. The home improvement mega retailer offers flexible payment plans – along with frequent sales – and is stocked with power tools to suit both novice home improvement enthusiasts and professional contractors.
For a headache-free shopping experience, check out the 18 best, expert-approved Lowe’s tools you can buy right now, from cordless drills and drivers to power tools and more.
With its strong cordless construction and ergonomic feel, it’s no wonder our experts named this power tool combo the best cordless drill of the year. This particular set comes with two tools, two batteries and a charger.
With its ample work space, click-mount system, integrated containers and compatibility with most major power tool brands, this Bosch portable router table is the best addition to any woodworking space.
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Our experts’ favorite pliers-based multi-tool with 17 spring-action applications is the ultimate way to be prepared for all of life’s uncertainties. This Leatherman multi-tool contains pliers, knives, screwdrivers and more.
Keep this top-of-the-line Dremel rotary tool set in rotation for all your sanding, grinding, carving, and cutting needs. Includes a detachable work light for more visibility and safety.
With 18 volts of cordless power and the ability to drive 1,650 brads on a single charge, our experts recommend this pneumatic nailer for heavy-duty home projects and professional trade projects alike.
If you own a car, you’ll love the peace of mind that comes from being able to take care of hiccups big and small. This Craftsman power tool set does just that with its corrosion-resistant chrome sockets, ratchets, drivers and attachments.
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With specs like a 15-amp motor, a 7.5-inch blade, a single-beam laser and a blower to keep the sawdust at bay, the Skil circular saw boasts the specs of the top models without the steep price tag.
This top power garden tool with multiple power settings proves that blowing leaves out of sight and out of mind is a crucial step in lawn care. It comes with a battery so it’s ready to go right out of the box.
Contractors swear by this Bosch saw that delivers just as much power as the corded version and cuts intricate, tight and curved patterns for all your home improvement needs.
The three-speed selector, LED lighting and quick-change attachment system make this lightweight mortar remover from DeWalt an expert choice in any handyman’s arsenal. The six-piece set also comes with a DeWalt battery and a soft carrying case.
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Mow your yard in one charge with the lightweight, cordless Black+Decker string trimmer that easily converts to a wheeled lawnmower when needed.
With its 2,000 RPM maximum motor and no brushes to prevent overheating, it’s no surprise this Dewalt drill is our top pick for the best compact drill. The set comes with two batteries and a charger.
Cover a large area with this customer-favorite Worx cordless outdoor equipment kit that doubles as a blower, hedge trimmer and string trimmer with a powerful 20-volt motor.
This long-handled, soft-handled digger makes tasks like weeding, breaking up soil, opening containers, and more easier. The Fiskars garden hand tool has both a serrated blade and a flat edge.
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To optimize your productivity and organization, keep tools close at hand with our tester’s favorite 20-pocket tool belt. The DeWalt tool belt has adjustable straps for maximum comfort.
Don’t let anyone take these top-notch pliers out of your hard-working hands – with knob adjustments, they’ll let you change your grip while strapped to the workpiece, making for a more efficient work session.
A compact one-gallon tank, built-in roll cage, and rubber-padded handles make this portable air compressor ideal for DIYers and small spaces. Our experts love how quiet it is.
Save your knees—and your sanity—with these expert-approved rolling pads, which feature a gel pad with tape that evenly distributes weight to prevent pain and injury. In this analysis of Home Depot, Inc. (NYSE:HD) vs. Lowe’s Companies, Inc. (NYSE:LOW), we compared the two largest home improvement retailers with a combined share of 48% in 2021. First, we compared the company in terms of market leadership, where we looked at the market share of of both companies in the home improvement retail market, revenue stream by geographic region and sales metrics, including sales per store and retail square foot, customer transactions and average ticket size.
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We then compared both companies in terms of their service capabilities, where we examined their customer reviews on third-party review sites, product range based on their websites, average product price and distribution capabilities, and logistics.
Finally, we examined their company’s profitability by looking at their gross, operating, and net profit margins, as well as their cash flows by FCF and company financial margins by net debt as a % of market cap and leverage ratios. credit.
To compare the two companies in terms of their market leadership, we analyzed 3 factors which were their market share, geographic revenue, number of stores and sales figures.
In terms of home improvement retail market share, Home Depot and Lowe’s are two of the largest companies. However, Home Depot is bigger than Lowe’s and has maintained its position as the number one company for the past 10 years. Although both companies have gained share over the past 10 years, Home Depot edged out Lowe’s with a larger gain as its revenue was 8.4% compared to 7.19% for Lowe’s.
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Moreover, based on their annual reports, both companies show a high concentration of revenue in the US, which accounted for more than 90% of their revenue in 2021, with Lowe’s having a slightly higher contribution to US revenue. Home Depot, on the other hand, had a slightly larger contribution to revenue from its international operations in Canada. Overall, we think both companies have a high risk of revenue concentration because their revenue lacks geographic diversification, being heavily dependent on the US, but Home Depot has a slightly lower risk than Lowe’s.
While we believe the number of stores is a key indicator of its ability to serve customers, we also consider other metrics that may indicate the strengths of its business, including sales per store, sales per square foot, customer transactions and average size of the tickets.
Home Depot Lowe’s Sales Figures Revenue 151, 157 96, 250 % Growth (10 Years) 8.4% 7.2% Sales Per Store 65.2 48.8 % Growth (10 Years) 8.1% 6.0% Transactions customers (1 mln 760) , 002 Growth % (10 years) 3.0% 2.3% Average ticket 85.9 96.1 % Growth (10 years) 5.3% 4.8% Click to enlarge
Based on the table, Home Depot had higher revenue than Lowe’s and a higher 10-year growth rate. In addition, Home Depot outperformed Lowe’s in all sales metrics except average
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