Reported 2 days ago
Lowe's reported a smaller-than-expected decline in first-quarter sales and stated its commitment to remain price competitive, despite the potential for price increases due to tariffs. CEO Marvin Ellison emphasized the company's strategy to protect market share against competitors like Home Depot, which aims to maintain stable prices. While both companies face challenges from tariff-related consumer sentiment drops affecting renovation projects, Lowe's has strategically invested in its operations, acquired Artisan Design for better alignment with professional builders, and diversified its supply chain to mitigate tariff impacts.
Source: YAHOO