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Pro Customers

All articles tagged with #pro customers

business25 days ago•3 min saved

Home Depot rides resilient demand in Q1 2026, sticks to full-year outlook

Home Depot beat expectations in Q1 2026 with adjusted EPS of $3.43 on $41.77 billion in revenue and reaffirmed its full-year guidance of 2.5%–4.5% sales growth (up to 4% adjusted EPS growth). Net income was $3.29 billion GAAP, or $3.30 per share. The company notes core homeowners remain engaged but are deferring larger projects amid higher gas prices and weaker housing conditions, while expanding its pro-focused business—backed by acquisitions of SRS Distribution, GMS, and Mingledorff’s—to capture a roughly $700 billion pro market.

via CNBC|

#business #earnings #guidance

business8 months ago•3 min saved

Lowe's completes $8.8 billion acquisition to strengthen its market position

Lowe's has completed an $8.8 billion acquisition of Foundation Building Materials to expand its offerings for professional customers and boost sales amid challenging market conditions, following a similar move by rival Home Depot. Despite slight sales increases, Lowe's faces declining customer visits and cautious consumer behavior due to economic factors like high mortgage rates and a sluggish housing market.

via TheStreet|

#acquisition #business #home-improvement

business9 months ago•8 min saved

Lowe's Acquires Foundation Building Materials in $8.8 Billion Expansion

Lowe's has announced a $8.8 billion agreement to acquire Foundation Building Materials, a leading North American distributor of interior building products, aiming to enhance its offerings for professional customers and drive long-term growth.

via Lowe’s Corporate|

#acquisition #building-products #business