Just like Home Depot, Lowe’s has enjoyed COVID-19 lockdown while operating online although it faced difficulties in delivering. NYSE: LOW is still slowly growing since the mid-March stock crash. Especially, May brought significantly positive changes by lifting up to $128.01 from $103.38.
Q1 2020 earnings obviously exceed last year’s. Moreover, its revenue grew by almost $2 billion compared to last year’s. The lockdown is partially over and the revenue might increase again by causing positive earnings each year. Additionally, delivery time does not take long anymore because of an arranged system that’s adapted to the pandemic situation. The home improvement will never die but a very competitive niche with the strongest opponents like Home Depot, Amazon, Walmart, and so on.