Lowe's Q4 Results Surpass Analyst Estimates, Comps Up Almost 30%

The consumer focus on home improvement and housewares continued strong into the fourth quarter of 2020, as today's earnings report by hardware chain Lowe's (NYSE: LOW) highlights. The company reported comparable sales, earnings, and revenue metrics that outdid Wall Street expectations, confirming the positive indicators seen over the past few weeks, including its recent initiative to hire 50,000 new workers. Comps also climbed 28.1% year over year, with a slightly higher increase of 28.6% in the home improvement category specifically.