Thread regarding Lowe's Cos. layoffs

Before you light off fireworks!

True Lowes reported SSSG higher than Depot (after 14 straight quarterly losses to their rival =market share) in 1st Quarter but wait....... Home depot reports online sales outside of store sales but Lowes had never fully separated those sales. Retail only grew 2.5% overall in Q1 in US but Lowes reported
Feb -1.5% March 5% and April 7%. Online sales rose 10% in Q1 in US. Seems like Lowes got magic carpet ride on reporting internet sales differently. Performance reports for years in store gave you jibberish totals for online because Lowes' tied them to store of origin not separate sales category.

So Marvin's margin math may not be the only crooked numbers coming out of
Mooresville! https://www.census.gov/retail/mrts/www/data/pdf/ec_current.pdf

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| 1102 views | | 3 replies (last August 3, 2019) | Reply
Post ID: @OP+10mM1dFi

3 replies (most recent on top)

Fact check:

1 Revenue audits only occur for public companies after taxes are filed so any mis- statements can be corrected at that time, tax records compare income accounts and receivables on the income and balance sheet respectively.
2 Lowes used a deep discounted promotion for clearing class change inventory before charging off
non sellables. Revenue growth is certain but always follows a margin decline evidenced in Lowes'
reported results https://newsroom.lowes.com/news-releases/q1-2019-sales-earnings/ (note unaudited caption!)
3Lowes engaged in large buyback program commitment prior to Q1 report (Odd timing to say the least) 818 million
4Lowes ' offered discounts nationally online and used this lost leader strategy including free delivery and brand credit discounts to drive sales resulting in further depressed margins usually 34% down to

  1. 46%

This pattern is similar to Sears during its first restructure and combine with Kmart in 2006 by ex Sachs, Yalie, s. Lambert hedge fund extraordinaire
Results: No such behavior by Home Depot who lost the SSSG while Lowes' SHED 152 STORES IN FEB

IF CORPORATE FLUNKIES WANT TO MONITOR THIS FORUM STATE FACTS. NO ONE SAID YOU MADE UP NUMBERS. WE JUST HAVE A GOOD CHUCKLE REALIZING YOU DON'T UNDERSTAND THEM AND YOUR CEO CAN'T FIGURE OUT HOW TO CALCULATE GROSS MARGIN! FAKE NEWS!
and regarding internet sales if customer orders over the internet in store who gets the sale? if the order picked up but shipped via central distribution? This subject would fall under channel stuffing if
done incorrectly! just saying seems like stores complaining alot about unneeded inventory stockpiling still many out of stocks logistics? simple stuff Stop blowing smoke lol

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Post ID: @moq+10mM1dFi

It’s not fudging numbers, it’s accounting for them in a new category.

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Post ID: @aoz+10mM1dFi

Lowe’s and HD are both publicly traded companies and are thus both independently audited(Deloitte and Touché for Lowes, not sure who audits HD). They are both required by law to report their results the same way. Neither Lowe’s or Marvin Ellison can ‘fudge’ any numbers.....

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Post ID: @zcn+10mM1dFi

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