These 7 Words From Lowe's CEO May Shock You
Lowe's (NYSE: LOW) has been a big winner during the coronavirus pandemic. Thanks to rising housing prices, low interest rates, and people spending more time than ever before inside, completing renovation projects was a focus for consumers. Record sales of $27.6 billion in the most recent quarter and a stock price that has soared 46% this year prove that there is still strong momentum.
The business is playing catch-up to Home Depot (NYSE: HD) in one key area, however. But according to its executive vice president of stores, Joe McFarland, Lowe's has already passed its larger rival when it comes to a lucrative customer segment. You don't want to miss what he said.
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Source Fool.com
