Lowe’s Stumbles in the Online Sales Channel
Investors were hopeful that they'd see some impressive operating and financial results from Lowe's (NYSE: LOW) this past week. After all, the home improvement giant had issued an encouraging outlook back in late November. And rival Home Depot (NYSE: HD) had recently announced accelerating sales gains in the fourth quarter as the home improvement market continued to expand.
Lowe's actual earnings results showed that the company is still struggling to win its share of that expansion, though, even as management shifts gears a bit to focus on higher profitability in 2020. Let's take a closer look at fiscal 2019 fourth-quarter earnings.
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Source Fool.com
