One area that’s benefited greatly from the pandemic is the home improvement sector. As a leader in this space, Lowe’s Companies (NYSE: LOW) gained tremendously with sales surging more than 24% for four straight quarters, hitting a record $27.6 billion in this fiscal year’s second quarter.
As a business that has catered primarily to do-it-yourself (DIY) customers for most of its history, Lowe’s has taken on a new focus lately and investors should be very happy.
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