Lowe's Q1 Earnings: Here's What You Must Know
Home improvement retailer Lowe's (NYSE: LOW) is set to report first-quarter earnings on Wednesday, May 19. The company is coming off a historic year in 2020 that saw it increase revenue by 24.2%. The coronavirus pandemic provided a tailwind as consumers paid more attention to their homes while working, studying, and exercising in them as part of efforts to combat the coronavirus pandemic.
However, with an increasing number of people getting vaccinated against the coronavirus and states easing restrictions on restaurants, entertainment venues, and businesses, consumers will have more places to spend their money. Subsequently, that could become a headwind for Lowes in 2021. That's why when the company reports first-quarter earnings on Wednesday, the overall revenue figure is what investors, and potential investors, will need to pay close attention to.
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Source Fool.com
