What Lowe's Executives Want Investors to Know
Lowe's (NYSE: LOW) is still playing catch-up with the industry's leading retailer, but that gap is closing. The home improvement giant, which has for years trailed Home Depot (NYSE: HD) on key metrics like sales growth, market share, and profitability, made strides in all these areas during the second quarter. Those successes allowed Lowe's to affirm its growth goals for the year just a day after its chief rival reduced its targets.
In a conference call with Wall Street analysts, new CEO Marvin Ellison, who used to work as an executive at Home Depot, detailed the factors supporting the retailer's strong momentum. Let's look at highlights from that presentation.
Image source: Getty Images.
Source Fool.com
