Lowe's Q3 Profits Surge, Defying Home Depot's Slump
Update: 2025-11-19
Description
Lowes, the home improvement retail giant, has reported a surprise profit boost for its third quarter, driven by robust consumer spending on home renovations and a strong online presence. This marks the second consecutive quarter of growth in same-store sales, with a significant increase in sales to professional contractors. Following the announcement, Lowes shares saw a substantial rise, recovering from earlier losses. The companys strategic acquisition of Foundation Building Materials appears to be paying off, while competitor Home Depot has reported lower do-it-yourself shopping due to a weaker housing market and higher interest rates.
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