_lowe39s-q1-2024-earnings-beat-expectations-despite-cooling-housing-market.jpg "Lowe's Q1 2024 Earnings Beat Expectations Despite Cooling Housing Market from sp balasubramaniam Video Screenshot Preview")
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✓ Published: 22-May-2024
👁 View: 905K times
✓ Published: 22-May-2024
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Lowe's reported first-quarter 2024 earnings that beat analysts' expectations for both earnings per share and revenue. The company said do-it-yourself customers purchased fewer expensive items, though gains with professional customers and online sales partially offset the trend. Like rival Home Depot, Lowe's is facing pressure from a cooling housing market and inflation, which is impacting discretionary spending. Despite the challenges, Lowe's stock is up nearly 3% year-to-date compared to an 11% gain for the S&P 500 index.
Lowe's reported first-quarter 2024 earnings that beat analysts' expectations for both earnings per share and revenue. The company said do-it-yourself customers purchased fewer expensive items, though gains with professional customers and online sales partially offset the trend. Like rival Home Depot, Lowe's is facing pressure from a cooling housing market and inflation, which is impacting discretionary spending. Despite the challenges, Lowe's stock is up nearly 3% year-to-date compared to an 11% gain for the S&P 500 index.
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_joteyali-jote-joteyali-by-vijay-and-sowmya.webp "Joteyali Jote Joteyali from the Kannada movie Geetha starring Shankar Nag and Akshatha RaonnOriginal Singers: SP Balasubramaniam and S JanakinMusic Direction by Ileya RajannnOriginal Song: http://www.youtube.com/watch?v=wbEOsgdmGoc")
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_the-new-mini-john-cooper-works-prototype.webp "MINI enthusiasts and motorsport fans are eagerly awaiting the debut of the highly anticipated New MINI John Cooper Works. It is set to make its first appearance at this year's 24 Hours of Nürburgring, one of the toughest endurance races in the world, challenging drivers and teams to conquer the iconic Nürburgring-Nordschleife over a grueling, day-long battle of speed, skill, and reliability.<br/><br/>The new petrol-powered MINI John Cooper Works, cloaked in a bespoke camouflage designed by the MINI Design Team, pays homage to the iconic red and white color schemes used for classic Minis in motorsports in the 1960s.<br/><br/>Celebrating its world premiere in fall 2024, the New MINI John Cooper Works marks a significant milestone in MINI's commitment to innovation and heritage. In a bold move, the new MINI John Cooper Works lineup, developed to push the boundaries of speed and agility, will be available in both petrol and all-electric versions.<br/><br/>In a nod to Mini’s historic victory of the Mini Cooper S at the 1964 Rallye Monte Carlo 60 years ago, the racecar features a distinctive “37” logo, commemorating this milestone achievement. This emblem serves as a homage to MINI’s rich motorsport tradition.<br/><br/>The New MINI John Cooper Works #317 will be entered by the private racing team from Nürburg, Bulldog Racing, and will be competing in the SP 3T category.<br/><br/>Dubbed “MINI John Cooper Works PRO”, the MINI Twin-Power Turbo racecar represents the perfect fusion of MINI's iconic design and reliability and Bulldog Racing's track-tested expertise.")
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