Lowe’s stock is down after its earnings report this week revealed signs of weakening consumer spending and sales. It may just be an opportunity to pick up some shares.
On Wednesday, the home-improvement company reported fourth-quarter earnings per share of $2.28, beating expectations for $2.21. Sales were $22.4 billion, just under expectations for $22.7 billion. Total sales grew just over 5% year over year, but same-store-sales dipped a bit more than 1%.