Is Lowe’s Amazon Proof?
America’s other home improvement store Lowe’s (NYSE: LOW) is one of the more intriguing value investments in retail these days.
In particular, Lowe’s delivered a 7.15% revenue growth during 3rd Quarter 2018. Such revenue growth is always good for a retailer, but during the Age of Amazon it is astounding.
In addition, Lowe’s made a lot of money from that revenue growth. For instance, Lowe’s generated a gross profit of $7.199 billion on 3rd Quarter revenues of $20.888 billion. Markedly, Lowe’s pulled an operating income of $2.163 billion and a net income of $1.520…