Lowe’s says same-store gross sales rose 5% in 4Q 2021, partly as a result of the housing inventory is growing old and extra annoyed patrons are choosing 30-plus year-old houses.
NEW YORK – The house enchancment increase reveals few indicators of slowing down. Lowe’s instructed shareholders Wednesday its same-store gross sales had been up 5% within the fourth quarter. The corporate additionally raised its gross sales forecast for the 12 months to $99 billion. That was after Residence Depot reported an 8% improve in same-store gross sales the day earlier than.
One large motive for the expansion: a housing inventory