Lowe’s Companies, Inc. (NYSE: LOW) reported second-quarter 2021 financial results before the regular market hours on Wednesday.
The home improvement company reported Q1 revenue of $27.6 billion, up 1% year-over-year.
Net income of $4.25 per share was also higher than the target that analysts had anticipated.
Consolidated comparable sales decreased 1.6%, while US comparable sales decreased 2.2%.
The cloud computing market witnessed accelerated growth in the last couple of years, as enterprises across the world shifted their digital assets to cloud for ensuring safety and enhancing data
Dollar Tree (DLTR) vs. Dollar General (DG): How did the third quarter turn out for these discount retailers?
In times of high inflation and economic uncertainty, consumers tend to turn to discount retailers in search of more value. The two leading discount retailers Dollar Tree Inc. (NASDAQ: DLTR)
The retail environment has witnessed many changes in customers’ shopping behavior lately, especially after the COVID outbreak. With inflation putting pressure on personal finances, there appears to be a new