Articles Tagged with ''financial insights''

One driver of this increased traffic could be ongoing supply chain challenges and shipping delays, which are resulting in consumers shopping earlier to ensure their gifts arrive on time.

The home-improvement retailer posts quarterly earnings of $4.13 billion, despite supply-chain challenges.

The company reported third-quarter earnings of $6.4 million for period ended September 25, 2021. Net sales were $89.3 million—up 27% from third quarter 2020. 

The company reported third-quarter 2021 orders increased 24% and net sales totaled $313 million, up 12% year over year compared to Q3 2020.

Year-to-date the company has opened 20 new warehouse stores, bringing the total to 153 warehouse stores operating in 33 states.

Even with greater external constraints, the company ran most operations at high levels and successfully managed interruptions across the enterprise. 

As of August 2021, the national and regional indices were all above 100, meaning that a family with the median income had more than the income required to afford a median-priced home.

This transaction will serve as a platform from which the company can expand to adjacent geographies throughout the Carolinas and across the broader Southeast.

Pro business grew 21 percent, installation services were up 10 percent and Lowes.com sales grew 7 percent.

The company achieved a milestone of over $40 billion in quarterly sales for the first time in company history.