Who is more successful Lowes or Home Depot?

Lowe’s might have seniority and win the square footage race, but Home Depot is the clear leader in revenue and sales. Statista shows this revenue trend as a long-term differentiator between the two brands. In 2020 Home Depot reported $132.11 billion in sales while Lowe’s reported $89.6 billion.

What are Lowes annual sales?

With fiscal year 2021 sales of over $96 billion , Lowe’s and its related businesses operate or service nearly 2,200 home improvement and hardware stores and employ over 300,000 associates.

What will Lowes pay in 2020?

With fiscal year 2020 sales of nearly $90 billion , Lowe’s and its related businesses operate or service more than 2,200 home improvement and hardware stores and employ over 300,000 associates.

How is Lowes performing?

Lowe’s sales grew 5% in the fiscal fourth quarter, as Americans bought, fixed and renovated homes in a tight real estate market. The home improvement retailer raised is forecast for fiscal 2022, saying it now anticipates between $97 billion and $99 billion in sales.

What is Lowe’s competitive advantage?

Through the use of technology and helpful in-store displays and service, customers have even fewer reasons to try out competitors’ stores. Combined with a relatively Amazon-proof niche, Lowe’s has been able to avoid the kind of disruption that many traditional retailers are facing.

What are Home Depot’s annual sales?

Home Depot annual revenue for 2022 was $151.157B, a 14.42% increase from 2021. Home Depot annual revenue for 2021 was $132.11B, a 19.85% increase from 2020. Home Depot annual revenue for 2020 was $110.225B, a 1.87% increase from 2019.

How much does Lowes profit a year?

23, 2022 /PRNewswire/ — Lowe’s Companies, Inc. (NYSE: LOW) today reported net earnings of $1.2 billion and diluted earnings per share (EPS) of $1.78 for the quarter ended January 28, 2022 compared to net earnings of $978 million and diluted EPS of $1.32 in the fourth quarter of 2020.

Is Lowes a better company than Home Depot?

Overall, we believe Home Depot has an advantage over Lowe’s for the market leadership point as it has the highest market share in the home improvement retail market, slightly more revenue exposure to international business and better sales metrics in terms of revenue growth, store count, sales per average retail square …

Is Lowes cheaper or Home Depot?

Both retailers engage in a battle of prices daily. When all prices are averaged out, Home Depot and Lowe’s proved to have essentially the same prices. Lowe’s and Home Depot stores engage in competitive pricing, so it is common to find similar popular items priced within pennies of each other.

Which company is a rival to Lowes?

Lowe’s’s competitors. Lowe’s’s top competitors include The Home Depot, Target, Costco, Walmart, Bed Bath & Beyond, Kingfisher and Best Buy. Lowe’s Companies is a retailer of products for home construction, maintenance, repair, remodeling, and decorating.