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Lowe's beats sales estimates, plans to stay ‘price competitive'
LOWLowe's(LOW) New York Post·2025-05-22 04:20

Home improvement retailer Lowe’s posted a smaller-than-expected drop in first-quarter sales on Wednesday and said it plans to keep its pricing competitive, without ruling out the possibility of price hikes on some items due to tariffs.In a conference call on Wednesday, CEO Marvin Ellison said Lowe’s is “not donating share to any competitor by sitting back and not being price competitive.”The comments were in contrast to those of competitor Home Depot, which on Tuesday vowed to keep prices steady, but the co ...