Should Investors Worry About Holding Lowe's Stock?
Lowe's (NYSE: LOW) thrived at the pandemic's onset. Home improvement became a popular pastime when folks were stuck at home during lockdowns. Fortunately, several effective vaccines were developed against COVID-19, allowing business restrictions to be removed.
Now that folks have more options, the phenomenal sales growth Lowe's experienced is slowing. With that backdrop, should investors worry about owning Lowe's stock? Let's answer the question below.
In its most recent quarter, which ended April 29, Lowe's reported that its sales decreased by 3.1%. That comes after Lowe's reported sales growth of 24.1% in the comparable quarter in the prior year. With more options on what to do with their time and money, consumers are making home improvement less of a priority n their budgets.
Source Fool.com
