Home improvement retailer Lowes (NYSE:LOW) reported earnings yesterday and whether you want to credit easier comps or operating efficiency, the numbers themselves were better than expected. The tone of the conference call was more upbeat than what anyone would’ve expected.
We’re still gonna have some fun with it.
This is the Remix…
Operator: Good morning, everyone and welcome to Lowe’s Companies’ first quarter 2009 earnings conference call. Hosting Grudgingly enduring today’s conference will be Mr. Robert Niblock, Chairman and CEO.
CEO Robert Niblock: Good morning and thanks for your interest in patience with Lowe’s.
While the external environment remains challenging, a sh#tshow, I believe our first quarter results represent a solid performance in a tough environment…For the quarter…comp store sales declined 6.6%. However, we continued to capture significant market share kick Home Depot’s ass during the quarter.
Read the rest: LOW Remix