Lowe's spend crimps 2017 EBIT expansion, but labor changes could drive higher sales ahead.
Wide-moat Lowe’s second-quarter results were bolstered by the same factors seen at Home Depot--namely, strong housing market fundamentals that include low interest rates, low housing inventory, and a rising wealth effect, increasing consumers' willingness to spend on their homes. However, we think shares have ticked down in response to three factors. First, labor changes continue to pressure operating margins more than anticipated, leading management to now expect 2017 adjusted EBIT expansion of...Lowe's Companies is a home improvement retailer. The company provides home improvement products in lumber and building materials, appliances, seasonal and outdoor living, tools and hardware, fashion fixtures, rough plumbing and electrical, paint, millwork, lawn and garden, flooring, and kitchens categories. The company provides installation services through independent contractors in product categories, including appliances, flooring, kitchens, lumber and building materials, and millwork. The company also provides extended protection plans for various products within the appliances, kitchens, fashion fixtures, millwork, rough plumbing and electrical, seasonal and outdoor living, and tools and hardware categories.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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