Lowe's Companies Inc
LOW: XNYS (USA)
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Lowe's Earnings: Cautions Consumers Outweigh Brand Power in the Near Term; Long-Term Thesis Intact
Lowe's second-quarter sales grew 8%, to $26 billion, as 0.2% same-store sales growth was bolstered by strength in pro sales stemming from the Artisan Design Group and FBM acquisitions. The adjusted operating margin contracted 62 basis points, to 14%, hurt by higher fuel and transportation costs.
