Wednesday, November 20, 2019

Lowe's to close some stores in Canada as Q3 earnings top target

Lowe’s Cos. Inc. is making some changes to its Canadian business to reflect what customers there want in their home-improvement centers, the company announced Wednesday in its third-quarter earnings report. A pre-tax charge of $53 million for that strategic review of Lowe's stores in Canada pulled down third-quarter diluted earnings to $1.41 per share, which topped consensus estimates of $1.35 per share. That compares to $1.04 a share in the third quarter of 2018. Net earnings for the quarter…


from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/11/20/lowes-to-close-some-stores-in-canada-as-q3.html?ana=RSS&s=article_search

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