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Is Lowe's Stock a Buy Now?

TheMotleyFool

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Investors are about to get some fresh data about Lowe's (NYSE: LOW). The home improvement chain will announce its fiscal first-quarter update in May, about a week after rival Home Depot (NYSE: HD) reports its results. The announcement will answer key questions about customer traffic and market share trends, while featuring a potential change in Lowe's fiscal 2023 outlook.

Let's look at whether the stock is an attractive buy heading into that May 23 earnings update.

Lowe's fiscal 2022 performance was disappointing to many investors. Yes, the chain was sure to see pressures from slowing consumer spending after years of rising demand. But it didn't fare as well as Home Depot in growth or profits.

Source Fool.com

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