Lowe's Raises Its Earnings Outlook After Closing More Stores in Canada
A weak earnings report by its chief rival earlier in the week put investors in a cautious mode heading into Lowe's (NYSE: LOW) third-quarter announcement. The softer sales environment that Home Depot (NYSE: HD) described suggested that growth will be harder to achieve over the next few months and heading into fiscal 2020.
Lowe's actual results on Wednesday looked a lot like Home Depot's in showing steady but modest sales gains in the home improvement industry. Yet the retailer also confirmed that it faces major challenges in its plan to more effectively compete against Home Depot and other peers.
Let's dive right into Lowe's Q3 report.
Source Fool.com
