LOW - 3 Must-Know Facts About Lowe's Before You Buy the Stock
2024-05-29 05:45:00 ET
Lowe's (NYSE: LOW) just reported revenue and earnings for its fiscal 2024 first quarter (ended May 3) that exceeded Wall Street estimates. However, shares were down about 6% two days following that announcement. Investors clearly weren't pleased.
This top retail stock recently traded 17% below its peak price. It might be a good business to take a closer look at adding to your portfolio. But before doing so, learn these three must-know facts about Lowe's.
Through its 1,700 stores nationwide, Lowe's sells home improvement products to both DIY and professional customers. The latter group includes contractors, electricians, plumbers, and the like, people who typically tackle larger projects on behalf of homeowners.
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3 Must-Know Facts About Lowe's Before You Buy the Stock