Lowe's raised the bar.
I think he did a very good job, and the results speak for themselves.
Bad weather and the war did affect Lowe's sales in the quarter. That's the logical assumption. But whether that was 100 percent of the reasons for disappointing sales remains to be seen. If Home Depot reports better earnings and the comparable sales gap between Home Depot and Lowe's narrows, that will raise questions.
January and February is actually a pretty important time of the year for the TV cycle.
(Best Buy's) quarter was disappointing. While (Best Buy) is clearly focused on reducing expense growth, this issue will continue to weigh on fourth-quarter results, thus limiting the upside in a solid environment.
You can't get shower curtains in a Home Depot. You can at Lowe's.
He probably wants to crank it back a notch.
It was clearly a TV- and MP3-centric Christmas, and this was a category that really did perform well. And the promotional environment was not too bad.
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