Top 500 U.s. E-retailers – Home Depot Drives $1 Billion In Online Sales In Q2 – Internet Retailer

Home improvement chain Lowe’s Cos cuts sales forecast – Yahoo News

This amounts to approximately $1.00 billion in e-commerce revenue for the period, up from around $0.72 billion. Net sales were $23.81 billion, up 5.7% from $22.52 billion. Net earnings increased 14.2% to $2.050 billion from $1.795 billion.

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REUTERS/Rick (Reuters) – Lowe’s Cos Inc , the world’s No. 2 home improvement products retailer, reduced its sales forecast for the full year, sending its shares down 4 percent in premarket trading. The company reported better-than-expected second-quarter revenue as it recovered most of the outdoor product sales it had missed in the first quarter when a severe North American winter hurt results of Lowe’s and larger rival Home Depot Inc . Lowe’s said it cut its sales growth forecast to about 4.5 percent from about 5 percent to take into account its year-to-date sales.–sector.html


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