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Home improvement retailer Lowe's posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs.
Just about everything is included in Lowe's Memorial Day sale with discounts up to 40% off. You can currently shop patio furniture deals from $19, grills and accessories on sale from $11 and get up to $1,900 off select appliances. Plus, if you're a MyLowe's member, don't miss out on these Doorbuster MyLowe's member deals.
Home improvement giant Lowe’s has partnered with Mirakl to help power Lowe’s Marketplace, an online resource for DIY consumers and vendors alike.
Some of these deals are just too enticing to pass up. You can save almost 30 percent on select grills, and for those looking to upgrade their current patio setup, you can also capitalize on up to 5o percent off on a wide array of patio furniture.
Lowe’s receives products from Canada, Mexico, China and other parts of Southeast Asia, like South Korea, Ellison previously said. While some Trump tariffs have been paused or adjusted since early April, many remain in effect. That includes 10% tariffs on all countries, with higher rate imposed on countries like Canada, Mexico and China.
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Lowe’s Companies, Inc. (NYSE:LOW) on Wednesday reported mixed results for the first quarter of fiscal 2025. The company posted adjusted earnings of $2.92 per share, which beat the analyst consensus estimate of $2.
Major chains are fighting two battles at once: a financial battle to keep costs low in the face of new tariffs, and a political one to avoid the president's wrath.
At Lowe’s, April sales tumbled nearly 3% year-over-year after having risen 6.6% in March, debit and credit card purchase data from Affinity Solutions revealed. Home Depot saw just a 0.7% jump after a 4.2% rise in March, according to the data.
Lowe’s Cos.’ stock lost ground Wednesday after the home improvement retailer warned its second-quarter same-store sales are being impacted by unfavorable weather in some areas, although it fared better than rival Home Depot against Wall Street expectations in its most recent quarter.