The Home Depot And Lowes
Home depot draws more of its business from home.
The home depot and lowes. Home depot s exclusive tool brands include husky ryobi and ridgid. Lowe s is the store that carries pella new construction windows while home depot carries andersen windows. Home depot and lowe s are weathering the pandemic as well as any two companies in the country building on the wave of success they ve been riding for the past several years. 2020 has been a hugely successful year for home improvement retail giants home depot and lowe s both have seen revenue and net income grow by double digits as millions of homeowners have.
Home depot which has nearly 2 300 stores across north america has a market cap of nearly 290 billion more than 2 times greater than lowe s. From 2009 2019 home depot stock has grown at 1 7x the rate of lowe s. Home depot has the do it yourself furnishing concept while lowes tends to target professionals mainly like interior designers carpenters plumbers and so on read detailed lowes review here. Home depot trades at a premium.
They compete for a shared customer base across the u s. Happily situated in a very sweet spot in the marketplace right now the home improvement and remodeling sector they are also two of the best run most. Lowe s with some 2 000 stores isn t far behind home depot with nearly 2 300 but its sales trail 72 2 billion in 2019 compared with 110 2 billion for home depot in 2019. Both lowe s and home depot carry store brands and exclusive brands.
The very obvious difference between both stores is the concept of their products. As the world s first and second largest home improvement retailers home depot and lowe s share many similarities. Lowe s was leading home depot in performance with its shares up 46 year to date. One reason investors like home depot and lowe s is the perception that they re amazon proof that means a huge physical retail presence in the e commerce age.
A bigger bang for home depot s buck.