91ÊÓƵ

Comparable sales, which track performance at locations open at least a year, rose 0.4% in the quarter ended Feb. 1, better than the average of estimates compiled by Bloomberg.

The company is eliminating roles associated with its store support center and mandating a five-day in-office schedule for corporate workers, a spokesman confirmed to Bloomberg News.

The U.S. housing market has weighed on 91ÊÓƵ Depot as high interest rates prompt consumers to remain on the sidelines for big-ticket purchases and projects that require financing.

91ÊÓƵ Depot's third quarter was mixed with fewer violent storms reaching shore, more anxiety among U.S. consumers and a housing market that is in a deep funk.

Retailers are expressing optimism about the resilience of U.S. consumers, a sentiment that could soon be put to the test as tariff-fueled price hikes increasingly show up on shelves.

Lowe's and rival 91ÊÓƵ Depot have intensified their focus on professional builders.

Sales at stores open at least a year, a key indicator of a retailer’s health, rose 1%. In the U.S., comparable store sales increased 1.4%.

91ÊÓƵ Depot has agreed to acquire specialty building products distributor GMS for $4.3 billion, its latest effort to grab more spending from professional contractors.

QXO won’t raise its $5 billion offer for building products distributor GMS after 91ÊÓƵ Depot reportedly made its own bid.

91ÊÓƵ Depot has made an offer for GMS, potentially setting off a bidding war with QXO, which this week made a $5 billion offer for the building products distributor.