Forecast Of The Day: Lowe’s Revenue Per Square Foot

+12.10%
Upside
179
Market
201
Trefis
LOW: Lowe's logo
LOW
Lowe's

What?

Lowe’s (NYSE:LOW) Revenue Per Square foot surged from $347 in 2019 to about $431 in 2020. However, Trefis expects the number to decline to about $420 in 2021.

Why?

Relevant Articles
  1. Company Of The Day: Lowe’s
  2. What To Expect From Lowe’s Stock After Q1?
  3. Company Of The Day: Lowe’s
  4. Lowe’s Stock To Trade Higher Post Q4?
  5. These Stocks Are Likely To Offer Better Returns Over Lowe’s Stock
  6. This Stock Is Likely To Outperform Lowe’s Stock

The surge in 2020 was driven by the Covid-19 pandemic, as consumers spent more of their disposable income on home improvement projects rather than on vacations or dining out. However, with the economy re-opening post the lockdowns, Lowe’s sales could decline.

So What?

Lowe’s stock has fared well through the pandemic, rising by almost 50% over the last 12 months. We expect the stock to hold up, despite the possibility of a slight decline in sales this year, as the outlook for the housing market remains strong.

See Our Complete Analysis For Lowe’s

While we think Lowe’s stock looks slightly undervalued, it is helpful to know how its peers stack up. Lowe’s Stock Comparison With Peers summarizes how LOW compares against peers on metrics that matter. You can find more useful comparisons on Peer Comparisons.

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams