DIY Projects Led To Lowe’s and Home Depot’s Highest Growth In 10 Year

DIY or (Do-It-Yourself) home renovations have surged during the COVID-19 Pandemic. Meaning big business for both Home Depot and Lowe’s. According to US News and World Report, Lowe’s Co Inc is expected to edge past rival Home Depot with what could be its biggest growth in quarterly same-store sales in at least a decade.

Sellers of paint, tools and gardening equipment have been among the winners since the start of the COVID-19 pandemic, as people take up more repair and remodeling projects themselves while hunkered down at home. Lowe’s is expected to post same-store sales growth of 11.7% when its reports its May-July quarter results, while Home Depot, scheduled to report on Tuesday, is expected to post a 10.2% rise. Click Here To Read More