Retail News

Lowe’s posts big jump in sales, earnings slip

The Associated Press/SFGate 11/18/2020

Lowe’s reported that same-store sales at its U.S. locations rose 30.4 percent in the third quarter as online revenues jumped 106 percent. The retailer’s stock did trade lower, however, after the home improvement retailer posted earnings of 91 cents a share, down from $1.36 during the same period in 2019.

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