Lowe’s Q4 Results Weren’t as Strong as Home Depot

Lowe’s Companies reported a healthy quarterly increase in comparable store sales on Wednesday, but well behind its rival Home Depot.
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Lowe’s Companies (LOW) reported a healthy quarterly increase in comparable store sales on Wednesday, but well behind its rival Home Depot (HD). ‘It’s behind Home Deport which has the a bigger slice of market share,’ said Alastair McCaig, a market analyst at IG, based in London. ‘The fact that Lowe’s has seen improvements is not completely surprising and we’re looking for that to continue, assuming average earnings stay on track in the U.S.’ Lowe’s posted a 5.5% increase in fourth quarter comparable store sales in the U.S., compared to Home Depot’s 8.9 percent increase. Lowe’s matched Wall Street’s expectations on the bottom line and beat estimates on the top line. TheStreet’s Scott Gamm has details from Wall Street.