Open Enrollment | Subscribe to Dealerscope HERE
Follow us on

Lowe’s Profit Surges, But Optimism is Tempered

November 20, 2012

Lowe's Inc. CEO Robert Niblock said the company's 76 percent rise in third-quarter profits shows the company's improvement plan is on track. But he was cautious in the face of challenges such as the fiscal cliff, the unknown impact of health care reform, and a sluggish housing market.

The nation's second-largest home improvement retailer's financial performance improved in large part because Lowe's avoided large one-time charges that dragged down its results last year.

Analysts greeted Lowe's results favorably Monday, and investors responded enthusiastically.



Companies Mentioned:

People Mentioned:

More Suggested Content:

Best Buy Logo
Best Buy Slide Continues As Company Posts Loss
November 20, 2012 From News
Best Buy Tuesday reported another week quarter, posting a $10 million loss, compared with a $156 million profit for the same period a year before. Same-store sales dropped 4.3 percent. 
LG's first 4K TV
The Power of Partnerships
November 1, 2012 From Dealerscope
Hats off to LG for recently choosing Video & AudioCenter, an independent three-store CE specialty dealer based in Lawndale, Calif., as the launch site for the vendor’s 84-inch Ultra-High Definition 4K TV. After the lackluster rollout of 3D TVs through big-box retailers – who didn’t have much of a clue about how to explain, demonstrate and maintain those sets - we hope LG’s 4K launch serves as a memorable example and strong reminder why the specialty dealer channel is the best venue for introducing new technologies.


Click here to leave a comment...
Comment *
Most Recent Comments: