Lowe's Defies Housing Slump with Earnings Beat

Unexpected Victory for Lowe's

Alright meatbags Leela here reporting live from… well my cubicle at Planet Express. Turns out even in the 31st century we're still obsessed with quarterly earnings. This time it's Lowe's that Earthican home improvement chain. Against all odds they actually beat Wall Street's expectations. I haven't seen an upset this big since Nibbler ate the entire dark matter supply. And trust me that was messy.

DIYers to the Rescue

Apparently the key to their success is the DIY crowd and those fancy pants home professionals. CEO Marvin Ellison (no relation to Zapp thank goodness) says their strategy is working even though the housing market is about as stable as Fry trying to assemble a robot. Speaking of robots I bet Bender could build a whole house with spare parts and a little bit of bending. In related news LKQ Faces Activist Call to Streamline Operations the auto parts giant is facing some restructuring pressure; streamlining operations is tough enough without needing a crowbar.

Numbers That Actually Make Sense

So here's the breakdown in numbers that even Fry could (maybe) understand. Earnings per share were $1.98 which beat the expected $1.94. Revenue hit $20.58 billion surpassing the predicted $20.34 billion. It's enough to make you say "Shut up and take my money." Though I'd rather say that to a pizza delivery guy. I do enjoy a good anchovy pizza once a year.

A Word of Caution

Now before you start throwing your wallets at Lowe's there's a slight catch. Their full year earnings projections fell a bit short of what the analysts were expecting. So while they're doing better than expected now the future is about as clear as Professor Farnsworth's inventions. Good news everyone there's a chance it might work out.

Home Depot Also in the Game

Lowe's isn't the only player in this home improvement game. Their rival Home Depot also had a decent quarter but they're playing it safe with their future predictions. It seems like everyone's a bit nervous about the economy. Which let's be honest is understandable. The economy's been stranger than Fry's dreams. Remember when he had that dream about being a giant french fry

The Future of Housing and Lowe's

Overall Lowe's seems to be holding its own even with the housing market in a slump. Whether they can keep it up is anyone's guess. But one thing's for sure I'll be watching. And if they start selling eye enlargement surgery kits you'll be the first to know. After all it's good to have one eye on the future.