What the Smartest Investors Know About Lowe's Stock
The home improvement industry is massive, valued at approximately $900 billion, a number that includes both do-it-yourself customers and professionals. While Home Depot (NYSE: HD), the largest player in the market, gets a lot of attention, smaller rival Lowe's (NYSE: LOW) also deserves a closer look from investors. In fact, Lowe's has produced a better return than Home Depot over the past three-, five-, and 10-year periods.
With that being said, here's what the smartest investors know about Lowe's stock.
In the most recent quarter (Q3 2022 ended Oct. 28), Lowe's produced revenue of $23.5 billion, up 2.4% year over year. And adjusted diluted earnings per share (EPS) of $3.27 increased 19.8% compared to the prior-year period. Both of these figures beat Wall Street expectations. What's more, same-store sales jumped 3% in the U.S.
Source Fool.com
