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Stock impact report

Home Depot misses earnings, announces no price hikes as it navigates Trump's tariffs [Yahoo! Finance]

Lowe's Companies, Inc. (LOW) 
Last lowe's companies, inc. earnings: 2/26 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
The home improvement chain posted mixed earnings on Tuesday morning as consumers reconsider home renovation projects due to the Trump administration's tariffs. Revenue jumped 9.4% year over year to $39.86 billion, compared to the $39.29 billion Wall Street expected. Net earnings per share declined 3% to $3.56, missing the $3.59 expected. Same-store sales fell 0.3%, compared to the 0.2% decrease expected. That's a reversal after same-store sales growth turned positive in Q4 following eight straight quarters of decline. The company said it was negatively impacted by foreign exchange rates by approximately 70 basis points. CEO Ted Decker said the results "were in line with our expectations." The company saw softer demand in larger discretionary projects while shoppers engaged with smaller projects, he said in the earnings call. Sales to professionals outpaced DIY customers. Shares closed down 0.6% on Tuesday. Investors were "encouraged" by the "better than feared" same-store sales Show less Read more
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