Home Improvement

Sam's Club Enters Home Improvement Market With New Contractor Program

Kimberly Redmond | |

Sam’s Club and Service Finance Company have teamed up to launch a new service that connects the wholesale club’s members with local home improvement contractors and offers financing options for projects around the house.

Through the Sam’s Club Home Install Experts by Service Finance program, members can select a product and service and then schedule a free consultation with a Service Finance dealer to discuss financing options.

Lowe's Beats Fiscal Q4 Estimates But Warns Sales Growth Could Slow Post-Pandemic

Reuters | |

Lowe’s Cos Inc rode a sustained boom in demand from people sprucing up their homes as a result of the COVID-19 pandemic, exceeding analyst estimates with quarterly sales of $20.31 billion.

The home-improvement chain, like larger rival Home Depot Inc, stayed away from providing a specific forecast for 2021, however, given the uncertainties in the market due to the health crisis.

Lowe's To Pay $80 Million in Bonuses and Add 50,000 Employees This Spring

Kimberly Redmond | |

Lowe’s Companies plans to boost its staffing, as the home improvement chain announced it will be hiring more than 50,000 new store employees this spring.

It will also pay out $80 million in discretionary bonuses to current workers as a way to recognize “their continued dedication,” the North Carolina-based company announced Thursday.

Lowe's Flies Past Quarterly Estimates, Sales Up 30%, Earnings Up 70%

Reuters | |

(Reuters) - Lowe’s Cos Inc blew past analysts’ estimates for quarterly sales and profit on Wednesday as it benefited from a surge in demand for home improvement products from consumers stuck indoors due to the COVID-19 pandemic.

The company also posted a 34.2% rise in quarterly same-store sales, beating analysts’ estimates of a 13.2% increase, and said the momentum was carrying into August.

With a large base of do-it-yourself customers, Lowe’s has been among the ch...

Lowe's Reports Biggest Rise in Same-Store Sales in 15 Years

Reuters | |

(Reuters) - Lowe’s Cos Inc reported its biggest rise in quarterly same-store sales in at least 15 years on Wednesday, as people spent more on tools and paint for do-it-yourself projects and home repairs during the coronavirus lockdowns. The home improvement chain also handily beat quarterly profit estimates, sending its shares up 7% premarket, a day after larger rival Home Depot Inc’s first-quarter earnings disappointed. More time on people’s hands due to shelter-in-place orders and gove...

Home Depot Misses Quarterly Estimates, Withdraws Full-Year Forecast

Reuters | |

(Reuters) - Home Depot Inc missed estimates for quarterly profit on Tuesday, as the home improvement chain spent about $850 million on benefits for employees keeping its stores and warehouses running through the COVID-19 pandemic.Shares of Home Depot, which have gained 12.4% this year, dropped nearly 3% in premarket trading, as the company also scrapped its full-year outlook, citing uncertainties stemming from the pandemic.Home Depot, which is heavily reliant on a solid housing market to drive s...

Home Depot Beats Revenue and Earnings Estimates on Housing Market Strength

Equities Staff | |

$2.48 billion profit in Q4 on revenue of $25.78 billion.

How to Take Advantage of the Biggest Housing Boom in History

Stephen McBride | |

... without buying or selling a home.

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