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-4.6948356807469E-05 0.000516431924882693 0.000798122065727774 0.00115023474178406 0.00159624413145542 0.000140845070422541 -0.00179342723004684 -0.00312206572769949
Stock impact report

Will DIY stocks continue to be challenged? Citi weighs in [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
Depot (NYSE:HD) and Lowe's (NYSE:LOW) experiencing soft traffic trends and relying increasingly on Pro customer strength to offset declines. In a note to clients, the bank pointed to weather disruptions as a factor: “It's rained a lot! That's been the starting point for any discussion about spring business for the home improvement retailers.” The analysts tracked promotional events and traffic trends to assess the outlook for Q2 same-store sales (SSS). They said Home Depot (Buy-rated) extended the duration of its spring promotions compared to last year, running events continuously in May and June. However, traffic data is reportedly still soft. “Positive trends around Easter have reversed to firmly negative foot traffic throughout May and into June,” Citi wrote. They added that web traffic has also been “consistently soft throughout the spring selling season.” For Lowe's (Neutral-rated), Citi notes that they launched two new longer-duration events — Member Week and Mulch W Show less Read more
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