Lowes Financial Reports

Last Updated on Sunday, 11 July 2010 07:43 Written by admin Saturday, 10 July 2010 08:36

Lets make another excursion into an overview of lowes. I know you expect us here at lowes coupon to always focus on do it yourself tips as well as ways to save money. And as you all know we are not affiliated with lowes companies but we must be their biggest fan. Our goal is to absolutely encourage everyone to shop at lowes home improvement and save money all at the same time – which is the goal isn’t it?
So today lets cover much of the details about lowes coupons home improvement itself. Maybe the more you learn about this fantastic company the more likely you will be to go and shop shop shop.
First the financial’s from the latest reports. To start Lowes home improvement is exactly as the name states – a home improvement store. As of this year lowes coupon home improvement has over 1,700 stores throught the United States and Canada. That totals over 193 million square feet of retail space packed full of everything you need for home improvement. Lowes home improvement serves both retail and commercial contractors but primarily they serve homeowners, renters and commercial business customers. Suprisingly many of these are do-it-yourself (DIY) customers and do-it-for-me (DIFM) customers who utilize the lowes home improvement sales programs which signifies this niche offering success. The commercial customers are made up of both contractors as well as residential contractors. What is amazing about lowes is that they actually opened over 60 stores in 2010 – after years of nationwide recession they still can open new stores.
Now let us talk the most recent performance of their stores. It may sound unbelievable but the lowes companies posted net income as up 2.7% in the first quarter. They attribute this to people spending more money on home improvement projects and buying more expensive items like grills and riding mowers. In total they earned $489 million, or 34 cents a share, up from $476 million, or 32 cents a share, a year earlier. Revenue in the period, which ended April 30, rose 4.7 percent, to $12.39 billion.
Lowes thus has posted earnings higher than expected and they beat the street expectations – you know we at lowes coupon want to congratulate lowes for their success and know that their superior service and pricing make the difference. Lowes also raised its earnings outlook for the year but the companies forecast for the full year fell short of analysts’ expectations. – ironically enough. The chief executive, reported homeowners were again taking on do it yourself major projects and buying higher end items items. He warned that the higher earnings do not mean we are in a total rebound and recovery but the numbers were encouraging.
“We’re optimistic we’ll continue to see solid sales through the balance of the year with gradual improvement in core demand, but we still view 2010 as a year of transition for our industry, and it will likely be 2011 before we see significant growth,” he said.
In a related story. Analysts reported a combination of trends and factors. Consumers are building up the need to refurcish and improve their homes . They are feeling more safe that they wuill be able to work and keep their jobs through this recession and that it was time to begin spending money on their homes Home Depot in Burbank, Calif. Lowe’s and Home Depot had better-than-expected profits. At both home depot and lowes home improvement, the largest home improvement retailers in the United States, posted better-than-expected earnings. They both maintained that they were not forced to turn to major sales as much as in 2009. They also reported that many custoemrs trended toward spening on higher end items and carpet etc.
Of the top forty United States home improvement markets, almost all posted improvements over last quarter and last year. Even California showed sales growth at stores open at new stores – this is a comon indicator of retail sector growth.
While no one expcts robust growth – this sign of consumers venturing out and purchasing is a good indicator that things at least can begin to stabilize. Both Home Depto and lowes posted good numbers and that is a transition we at lowes coupon are encouraged to see. As much as we hate to admit it – wwhats good in the economy for home depot is good for lowes.
This indicator does not mean that the home improvement stores are out of the woods but it does look like they both will survive and weather this incredible economic storm. Many people do not think of it ewxactly as it is but there is a tremendous amount of re-hab projects going on as people improve the bank REO’s for re-sale. This portion of the market is oftentimes overlooked but account for a significant niche segment that is bolstering sales – this is according to the writers here at lowes coupon. It’s not just the homeowner – its the small re-habber that is buying a lot. We have easily purchased a couple hundred thousand in the past months for these projects alone.
Of course the housing industry is still a mess but it appears homeowners still suprisingly enough want to live in nicely remodeled homes. Good for lowes, good for home depot, good for lowes coupon!

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Lowes Home Improvement – Savings Ideas

Last Updated on Tuesday, 24 May 2011 01:03 Written by admin Sunday, 4 July 2010 10:36

This post is going to summarize much of what this site is about. Of course I oftentimes discuss the wonders of Lowes Home Improvement and how I much prefer their market plan over their main competitor, Home Depot, while keeping their selections and service on par with the Ace’s and Osh’s of the world. The great mix that is Lowes. But here I am once again going to focus on the what most are interested in – saving money. It’s not just a Lowes Coupon it’s a combination of smart shopping, planning ahead, and knowing when you are over your head. At the end of this post I will cover some ways to really leverage your lowes coupons as well as magnify your savings.

Have you planned your job before hand? Even a simple job like painting a fence takes a little planning and you can save a lot of money. For example if your fence has graffiti or other markings you want to put a thick primer coat over it. Remember thought that you do not have to primer the entire fence, well sometimes you do and other times you do not. You may just need to buy a quart of Kilz for the problem areas and then paint the rest with a single coat – that saves a lot of money!

The lesson is that you need to take a step back and think about what you are doing – thoroughly. If you are doing a job that requires a special tool, try borrowing the tool. Even a $15 tool can add 10% to a $150 job and oftentimes it is the little things that add up to a lot. Thinking ahead will also cover you in wasteful purchasing. For example 5 gallons of any paint usually costs about the same as 3 gallons of the same when purchased by the gallon. So do some math and determine how much paint you need. If it is anywhere near 3 gallons you may be better off grabbing the full 5. Same price yet you will have enough for touch up of for that extra coat in hard to cover areas. And with the extra you will not ruin the job by trying to spread the work out too thinly.
Another thing to remember is to shop shop shop. Look around at what you are purchasing and make certain it meets your needs. Sometimes vanity lights look exactly the same but one is $10 cheaper than the other – I do not know why – but $10 is $10.
Many of us scoff at saving $10 – I mean just grab the item and be done with it. But that is a quick way to losses. The other day I bought a medicine cabinet for installation in a fixer I was doing. The one I choose looked exactly the same to me as all the others but it was $8 cheaper. This takes practice but really, $8 then add that to the $10 for the ceiling light – are you understanding this? It all adds up – to A LOT!

Saving money by hiring someone is sometimes the best choice. I know it is counter intuitive but if you know someone that has a specific skill set – offer to hire them. If the job is small then you should be OK as long as it is someone you know that is expert and is accountable to you. If you are short on connections there is no shortage of contractors in any community weekly. They usually advertise “no job too small” – interview a few of them – go the extra mile and call a reference or two and hire them.. Never pay in advance and always hire licensed individuals. I know it is cliché but hiring non-licensed individuals works out sometimes – but your risks are far greater than simply hiring a licensed contractor. Surprisingly enough the licensed contractors can oftentimes be hired for as little as the non-licensed ones if you haggle over price a little.

Now let us cover a little on leveraging that precious Lowes coupon you have obtained. There are a couple of ways to amplify your savings. Of course we already covered shopping around for bargains and comparing prices. This is a skill that takes effort but worth its weight in cold hard cash. There are 2 primary ways you can leverage you coupon into additional savings. #1 find a friend that is a Realtor. They can purchase Lowes gift cards for a 5% discount. Purchase the gift card through the Realtor and then use your coupon – now you have saved 15%!! OR….. Purchase gift cards online through reputable sources that have an unused balance on them. Now I have never done this, I never bought from a Realtor either, but I have seen online where you can buy unused store credits for about 10% less than the value of the credit. So if it is a credit of $100 I have seen them sold for $90 and even sometimes less. Buy unused credits, use your 10% coupon and now you have saved a total of 20%! Now most of us will never go through that much trouble but the option is out there. In fact if anyone tries it let me know how it works for you – I would love to highlight the story and even plug your business if you would like.
Either way enjoy saving money and always Shop At Lowes!!!! They are the best!

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