Lowe’s Companies Inc. presented a mixed outlook on the current economic environment on May 21, after reporting better-than-expected first-quarter results. However, the company said it remains committed to keeping prices competitive.
Just one day after Atlanta-based rival Home Depot informed Wall Street analysts that it is still seeing an increase in customer visits amid trade concerns and declining consumer confidence, Lowe’s CEO Marvin Ellison acknowledged that the company’s first-quarter results represented a “mixed financial picture” as the retailer faces near-term economic uncertainty due to tariffs and challenges in the housing market.
