Lowe's CEO is confident Americans will continue to invest in what is their biggest asset, their home.
CEO Marvin Ellison told investors Wednesday that the company remains "confident in the long-term strength of the home improvement market" and its "ability to expand operating margin" amid a buzzing home improvement trend and red-hot housing market, which is allowing the company to gain market share.
Throughout the pandemic, home improvement stores like Lowes and Home Depot have been busy as people working from home took on new projects. Many people bought new homes for office space.
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