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.
Editor in Chief.
Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life