Slow Store Traffic and One-Time Charges From Stalled Projects Weigh on Wide-Moat Lowe’s Performance
Struggling with slower comps in the first two months of its third quarter (1%-2%), Lowe’s delivered sales and earnings results that tracked short of our full-year estimate. Sales growth of 9.6% and same-store sales of 2.7% were shy of our low-double-digit top-line and 3% comp pace, indicating the final quarter is likely to slow and reduce our full-year outlook, which included revenue growth of 10% and EPS of $4.04. Lowe’s financials stood in stark contrast to Home Depot’s results, which indicate...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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