Lowe’s Earnings: 3 Trends to Watch
Investors have pushed Lowe's (NYSE: LOW) stock returns well above the broader market this year, which is no shock given that consumer spending has surged in its home improvement retailing niche. But the chain has even outpaced its bigger rival Home Depot (NYSE: HD) in 2020, mainly thanks to its double-digit revenue spike in the pandemic-influenced first quarter.
Lowe's will reveal in its earnings report on Wednesday, Aug. 19, whether those market share gains continued into the second quarter. Investors will also be focused on management's outlook for the second half of the year, which could be cautious due to recessionary selling conditions.
With that bigger picture in mind, let's look at three trends to follow in Lowe's report next week.
Source Fool.com
