22
Nov

Lowe's still in the plus

Lowe's, the second largest home improvement retailer in the US, achieved sales of USD 22.3 bn (18,8 Mrd. EUR) in Q3 2020, up 28% compared to Q3 2019.

For the 9 months in 2020, sales in comparison to 2019 rose from USD 56.1 bn (47,3 Mrd. EUR) to USD 69.3 bn (58,4 Mrd. EUR) and net earnings also increased, from USD 18 bn (15,2 Mrd. EUR) to USD 23.1bn (19,5 Mrd. EUR)

Since May no outlook for the future business was given, but now the company is more optimistic again and expects a plus of 15-20% also for the 4th quarter.