Home improvement retailer Lowe’s Companies (LOW) reported $11.38 billion, down 3%, for its Q3 ending Oct. 30, $100 million ahead of estimates. Profit was as expected at 24 cents. The forecast for this quarter was in line. Things are still tough out there, commented CEO Robert Niblock, as customers “continue to delay large purchases until they feel better about the economic outlook.” However, same-store sales were down only 7.5% in the quarter, a big improvement from the 9.5% in Q2.
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