Lowe’s reports decline in sales amid economic uncertainty
Total sales totaled $65.12 billion, marking a 3.92% decline, though strong online and pro sales offer optimism amid ongoing challenges.
Lowe's
Marvin Ellison’s Lowe’s shares dip below $200 million
This decline contrasts with a previous gain of $30.1 million between Sept. 6 and Oct. 18.
Top Black executive Marvin Ellison loses $3.8 million from Lowe’s shares
Despite the decrease, Ellison remains one of the wealthiest Black CEOs in the United States and a prominent figure among global Black CEOs.
Lowe’s, led by Black executive Marvin Ellison, posts $21.4 billion in Q1 2024 sales
Despite the headline figures, Lowe’s reported positive growth in certain segments. The Pro division, catering to professional contractors, maintained steady sales.