Home Depot Or Lowe’s — Who Is Operating More Efficiently?
Home Depot (NYSE:HD) and Lowe’s (NYSE:LOW) are the number one and two home improvement retailers in the U.S., holding 24% and 17% market shares, respectively. While Home Depot has more stores compared to Lowe’s, the latter has narrowed its store-count gap with its chief competitor in the last few years, opening over 100 stores between 2012-2015. However, Lowe’s hasn’t managed its running costs as effectively as Home Depot, whose total costs comprising SG&A costs and lease payments per square foot have remained relatively flat in the last three years.
The addition of Orchard stores, which are less spacious reduced the average store size for Lowe’s in 2013, but the total expenses per square foot still rose by 3%.
Have more questions on Lowe’s? See the links below.
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- Lowe’s Riding On Strong Customer Spending On Home Improvement; Beats Home Depot’s Comps In Q1
- Where Will Lowe’s’ Revenue And EBITDA Growth Come From Over The Next Three Years?
- How Has Lowe’s’ Revenue And EBITDA Composition Changed Over 2012-2016E?
- By What Percentage Have Lowe’s’ Revenues And EBITDA Grown Over The Last Five Years?
- What’s Lowe’s’ Fundamental Value Based On Expected 2016 Results?
- What Is Lowe’s’ Revenue And EBITDA Breakdown?
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