Lowe's faces revenue decline as it plans growth strategy

Lowe's Companies, the second-largest home improvement retailer in the U.S., is facing challenges with a 4% revenue decline in the first nine months of fiscal 2024. Its net income also dropped by 13% compared to the previous year. The company plans to implement a "Total Home Strategy" to boost growth through partnerships with contractors, increased online sales, and more installation services. However, analysts predict only modest growth in the coming years. Currently, Lowe's stock is viewed as a hold. While it offers a solid dividend, its growth potential appears limited, and investors may find better returns with index funds.