3 Must-Know Facts About Lowe's Before You Buy the Stock
Given its huge size, with trailing-12-month revenue of $84 billion and 1,746 stores scattered across the U.S., Lowe's (NYSE: LOW) is a well-known business. It recently reported a financial update for the fiscal 2024 second quarter, missing on the top line but beating analyst estimates on the bottom line.
This retail stock trades just 5% off its all-time high. But before you decide to go out and buy on the slight dip, here are three must-know facts about Lowe's you can't miss.
Marvin Ellison, Lowe's CEO, has been in the top position since July 2018. Before that, he had extensive experience in leadership roles at rival Home Depot. I'm sure his previous company's success taking care of professionals sparked a focus on shifting the strategic focus at Lowe's.
Source Fool.com
