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Lowe's Earnings: 3 Things to Watch

TheMotleyFool

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Lowe's Earnings: 3 Things to WatchPhoto, wide shot, wide-angle lens, Restaurant, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/6d1f34ee-79e7-4628-b30f-0a4597808d61.png

Investors have some high expectations heading into Lowe's (NYSE: LOW) first-quarter earnings report in a few days. The retailer likely enjoyed continued record sales growth in early 2021 after a record 2020. Several big trends are working in its favor, including surging demand for home improvement projects and rising prices for products like lumber.

We'll find out this week whether Lowe's fully capitalized on those favorable factors, or if it lost ground to industry leader Home Depot (NYSE: HD), which also reports earnings this week. Let's look at some of the key trends to watch in Lowe's announcement set for May 19.

Image source: Getty Images.

Source Fool.com

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