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Showing results for Lowes Lumber
...Net sales in the three months to April declined 5.54 per cent from the previous year to $22.3bn as unfavourable weather conditions, lumber prices and lower discretionary sales hit revenue....
...Share prices of Home Depot and Lowe’s, America’s largest do-it-yourself retailers, have fallen around a tenth over the same period....
...Lowe’s sales continued to grow at a brisk pace this year, bolstered by a resilient DIY boom that has stoked demand for lumber, tools and patio furniture....
...At Lowe’s, first quarter revenue jumped by almost a quarter to $24.4bn compared with a year earlier. Home Depot’s top line rose by a third to $37.5bn. A surge in lumber prices has helped....
...Home Depot booked record first-quarter sales as the pandemic-fuelled surge in DIY projects continued to drive demand for lumber, paint and tools....
...Home improvement retailers — Home Depot, Lowe’s and Tractor Supply — running healthy 10 per cent plus operating margins also have a buffer. Returning lumber is a cumbersome process....
...Both Home Depot and Lowe’s operate cavernous warehouses filled with aisles of lumber, paint and lighting fixtures....
...Economists caution, however, that higher lumber prices could weigh down on momentum as DIY accounts for about 40 per cent of lumber demand....
...Paint, piping, lumber, drills and fittings are among the many products stocked by Lowe’s — and its sales have boomed....
...Quarterly earnings are due later from Salesforce.com and retailers Lowe’s, Staples and Target....
...Rarely has the business of selling lumber and masonry been so admired. So how about UK-based Wolseley? A snip at 18 times earnings, and it makes three-quarters of its profits in the US....
...Both retailers benefited during the quarter from incentives for US consumers to trade in home appliances for more energy efficient models, and from an increase in lumber prices....
...Solid third-quarter earnings also pushed home improvement retailer Lowes up 4.7 per cent to $64.89, while larger rival Home Depot rode its coat-tails, climbing 1.6 per cent to $42.57....
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