89 Facts How Much Is Quarter Round At Lowe'S

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89 Facts How Much Is Quarter Round At Lowe’S | Shoe molding vs. quarter round: What’s the difference?

• Assemble the quarter pounder by starting with the bottom bun, adding another slice of the American cheese, and topping that with the burger patty and cheese you removed from the hot skillet. On the top half of the bun, add ketchup and mustard, then those diced onions, and lastly the sliced pickles. Close the burger up with the top bun. - Source: Internet
• If the pricing runs out into Q4, we’re expecting that to actually flip to a 90-basis point drag. So, that’s about 170-basis-point swing. Again, that’s taken where we are from a benchmark perspective of below about $500 and running that out and comparing that to where lumber prices inflated round 2 of last year. So, all in, excluding lumber, and the differences I just cited, the Pro comp momentum is expected to continue, and the DIY trends that Bill mentioned are expected to continue through Q4. - Source: Internet
• I mean, to the contrary, the third quarter was our best performing DIY quarter of the year. And that customer segment tends to be kind of the indicator for us on the overall health of our business. Pro has been strong all year. And the good news is for the first time this year, we saw continued strength in Pro, and we saw sequential improvement in DIY. - Source: Internet
• We also continue to see a trend of customers investing in innovation. Our EGO battery now powers 75 different tools, everything from traditional outdoor power equipment like mowers, trimmers, and leaf blowers to lifestyle products like camping generators and misting fans. And with the accelerated growth in battery-powered products that we’re seeing, it’s not surprising that EGO continues to lead the pack in battery-powered outdoor power equipment. Given the concerns in the marketplace, some of you have asked if we’re seeing a shift away from discretionary purchases, which is what we typically expect to see in a softer macro environment. - Source: Internet
• My follow-up question is at the risk of pulling forward a little bit of your messaging from a couple of weeks now. Your SG&A dollars have been very well contained over the last few quarters, leading to the idea that maybe Lowe’s doesn’t have as much cushion in its cost structure in the event that there could be a downturn in home improvement demand, either because of housing or just a weakening labor market. Why is that wrong? - Source: Internet
• Just as you think about the makeup of comp going forward between transactions and average ticket. You mentioned that in some categories where you saw inflation moderate. You saw subsequent increase in transactions. Does that give you confidence going forward that as inflation does start to moderate it will be – that average ticket decline or lower growth rate would be offset by a pickup in transactions? - Source: Internet
• Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties, and important factors, including those discussed in the risk factors, MD&A, and other sections of our annual report on Form 10-K and our other SEC filings. Additionally, we’ll be discussing certain non-GAAP financial measures. A reconciliation of these items to U.S. GAAP can be found in the quarterly earnings section of our Investor Relations website. - Source: Internet
• Thank you, Bill, and good morning, everyone. Let me begin with a heartfelt thank you to our associates. Our strong performance this quarter is a direct reflection of their hard work and dedication to providing excellent customer service. That’s why we are so focused on becoming the employer of choice in retail where associates choose to stay to build their careers. At its core, that means providing good, stable jobs, comprehensive benefits, competitive wages and bonus opportunities. - Source: Internet
• Thank you, Bill, and good morning, everyone. Let me begin with a heartfelt thank you to our associates. Our strong performance this quarter is a direct reflection of their hard work and dedication to providing excellent customer service. That’s why we are so focused on becoming the employer of choice in retail where associates choose to stay to build their careers. - Source: Internet
• We ended the quarter at 2.5x adjusted debt to EBITDA and we are well on track to reach our target leverage of 2.75x in 2023 while also maintaining our BBB+ rating. Finally, we delivered return on invested capital of 27.6% inclusive of a 590 basis point impact related to the asset impairment recorded in the third quarter. - Source: Internet
• On average, a quarter of beef will equal approximately 110 pounds of eating meat. Depending on your processing choices, about 50 percent of the meat will be ground beef, with the other part being primal cuts (steaks, roasts, brisket, ribs etc.). - Source: Internet
• And then the shift to indoor, as you see, appliances, kitchen and bath, flooring, paint, those businesses, both on a DIY and the Pro side continue to do well. And then holiday, with Halloween and then the early sets of our trim and tree categories were what we saw in Q3. And then our online business continued to perform well in Q3 as well. - Source: Internet
• Yeah, Brian, this is Brandon. As I indicated in my prepared remarks, we looked at three-year comps did see sequential improvement as we moved across the quarter. The Q3 exit rates were strong. Bill mentioned the improvement specifically in the interior DIY-related categories. - Source: Internet
• A general rule of thumb is that one cubic foot of freezer space is required for every 28 pounds of meat. When the meat is packaged in odd shapes, allow slightly more space. A quarter beef will take up approximately 5 to 7 cubic feet, meaning that it can fit into most residential freezers. Your meat will last for more than a year if it is stored in the freezer. - Source: Internet
• growth rate, representing a sales penetration of 10%. We continue to enhance the online user experience, as well as our fulfillment capabilities, as we focus on driving this critical growth initiative within our total home strategy. Turning to our supply chain transformation. We’ve made significant strides in our rollout of our market delivery model for big and bulky products this quarter, spanning the country from Southern California to Southern Illinois to Atlanta, Georgia. - Source: Internet
• Actual results may differ materially from those expressed or implied as a result of various risks, uncertainties and important factors, including those discussed in the risk factors, MD&A and other sections of our annual report on Form 10-K and our other SEC filings. Additionally, we’ll be discussing certain non-GAAP financial measures. A reconciliation of these items to U.S. GAAP can be found in the quarterly earnings section of our Investor Relations website. - Source: Internet
• Yes, Liz, this is Brandon. I think on the inflation front, we do continue to see high single-digit inflation this quarter, inclusive of about 80 basis points that I mentioned earlier of commodity inflation. Our consumer does continue to be resilient. We haven’t seen any significant trade down. In fact, we’ve actually seen trade up in place across a number of categories. - Source: Internet
• Thanks, Marvin, and good morning, everyone. In the third quarter, U.S. comparable sales increased 3%, reflecting solid core home improvement demand across both Pro and DIY customers. This quarter, we drove positive comps in our building products and home decor divisions, fueled by momentum with the Pro and improve DIY demand. - Source: Internet
• Shifting to Pro, I’d like to thank our Pro team for delivering outstanding results once again this quarter, driving Pro comps over 16% for the quarter and 36% on a two-year basis. We are leveraging our new MVPs Pro Rewards and partnership program to capitalize on this continued demand by engaging Pros and incentivizing purchases and building long-term loyalty. Our program is laser-focused on helping Pros grow their business because we know that when Pros succeed, we succeed. This partnership-based approach is already paying off with higher-than-expected adoption rates and building overwhelmingly positive feedback from our Pros. - Source: Internet
• These outstanding results enable us to make critical investments in our most important asset, our associates. In this quarter, we announced an incremental $170 million investment and permanent wage increases for our frontline hourly associates. These increases are designed to ensure that our more tenured associates continue to receive market-competitive wages. - Source: Internet
• Another example of these investments in action is the transformation of our disaster response capabilities over the last few years, which dramatically improved our ability to support communities through devastating storms like Hurricane Ian. Year round, Lowe’s now has a cross-functional command center dedicated to supporting our disaster response efforts. In fact, it was these enhanced capabilities that enabled us to respond so effectively to the pandemic. - Source: Internet
• We now expect 2022 sales of approximately $97 million to $98 billion, representing comparable sales of flat to a decline of 1% as compared to prior year. Please note that at the midpoint of the range, this implies that fourth quarter comparable sales will be slightly positive. This reflects our expectations of continued strong Pro performance and steady DIY trends. - Source: Internet
• If an item is frozen and vacuum sealed, it will last approximately one year. If the item is packaged in paper or shrink wrapped, the time frame will be shorter. As a customer, we have the option of receiving the quarter beef packages in vacuum-sealed packaging, which will keep it fresher for a longer period of time. - Source: Internet
• And the straightforward answer is, no. We had a strong sell-through in Halloween this year with an early sell-out of our 12-foot lighted animated mummy at a price point over $300. One could argue that this is one of the most discretionary items we sell. And with Halloween in total being a highly discretionary category, this continues to give us a positive indication of the strength of our consumer. - Source: Internet
• Well, I would say it’s wrong based on the performance in Q1, just use that as your data point. The season broke late, top line was not what we anticipated, yet we still leverage operating margin for the quarter. We see that as an example of the levers that we now have in place to be agile. As I said in my prepared comments, we’ve got a lot of experience sitting around this table. - Source: Internet
• And the straightforward answer is no. We had a strong sell-through in Halloween this year with an early sell-out of our 12-foot lighted animated mummy at a price point over $300. One could argue that this is one of the most discretionary items we sell. And with Halloween, in total, being a highly discretionary category, this continues to give us a positive indication of the strength of our consumer. - Source: Internet
• Quarter round is essentially ¼ of a perfect circle. Picture a dowel rod or a wood clothes hanger rod, and cut it into perfect fourths. You’ll have a 90 degree angle corner on one side with a perfectly circular radius on the other. This means that the distance from the 90 degree corner to either edge of the radius will be the same. - Source: Internet
• As Marvin mentioned, this quarter, we announced $170 million in permanent wage increases and we are awarding $200 million in bonuses ahead of the holiday season for our frontline hourly associates. This translates to up to $1,000 for eligible full-time associates and up to $500 for eligible part-time associates. As someone who started my career as an hourly associate in home improvement, I understand how meaningful this type of financial recognition can be. - Source: Internet
• We recently asked all of our regional vice presidents to find Pros who do not want to sign up for our loyalty program so we can talk to them and understand why, but that proved to be a real challenge because once Pros here the benefits, they are eager to join. So awareness and continued execution will be the key to our ongoing success. As I close, I would like to thank our associates once again for their commitment to Lowe’s and our customers. Without them, the strong results that we delivered this quarter would not be possible. - Source: Internet
• So, that is the key data point. And so in Joe’s scripted comments, he talked about the adoption rate and how it really comes down to our ability to engage the Pro and when we engage them and educate them, they tend to adopt the program. So I’ll let Joe provide a little bit more context on Pro, but we’re really pleased with the progress and equally pleased that we saw the DIY customer come back strong in third quarter than we’ve seen them all year. - Source: Internet
• Turning to our supply chain transformation. We’ve made significant strides in our rollout of our market delivery model for big and bulky products this quarter, spanning the country from Southern California to Southern Illinois to Atlanta, Georgia. We’ve now reached an important milestone with eight geographic regions covering more than half our stores converted to the new model, and we’re on track to complete the rollout by the end of next year. - Source: Internet
• As previously stated, the cost of weed greatly varies depending on where you live. The United Arab Emirates has the highest price of marijuana in the world, with one gram costing $110. India on the other hand, has the lowest prices for weed with one gram costing as little as eight cents. - Source: Internet
• This quarter, we also launched a new exclusive home center partnership with Mila, a global leader known for high-end premium appliances. This reflects our ongoing commitment to ensuring that we have new, high-quality offerings across all price points with leading products from all-star brands like Trex, DEWALT, Owens Corning, John Deere, EGO, Honda, KitchenAid, Samsung, LG, Kohler, Moen, Whirlpool, Husqvarna, and Ariens. Paint delivered strong positive comps this quarter across both Pro and DIY. Many of our Pros, especially those who focus on repair and remodel work, paint as part of their larger jobs. - Source: Internet
• Great, thank you. Just as you think about the makeup of comp going forward between transactions and average ticket, you mentioned that in some categories where you saw inflation moderate, you saw a subsequent increase in transactions. Does that give you confidence going forward that as inflation does start to moderate, it will be – you know, that average ticket decline or lower growth rate would be offset by a pickup in transactions? - Source: Internet
• The beef brisket is taken from the lower part of the beef chuck, where it is tougher. This tougher meat can be one of the most flavorful and succulent cuts when cooked just right. Brisket has a higher fat content which helps it tenderize while being cooked. The trick to handling this cut of beef is to cook it slowly at a low temperature. - Source: Internet
• Congrats. Nice quarter again. My first question, again, I don’t want to have the risk of a nitpick I mean given the strength in the business, and as Michael just pointed out in his question, the – basically the accelerating trends through Q3, and then you talked about the initial strength in seasonal with the mummy sales. Why not lift sales guidance for the year, especially when you’re lifting earnings guidance? - Source: Internet
• A half beef is divided into the front and hind quarters. The front quarter consists of chuck steaks, pot roasts, rib steaks, short ribs and soup bones. The hind or rear quarter consists of top round, bottom round, t-bones, top sirloins, tenderloins, flank steaks, sirloin tip, rump roast. - Source: Internet
• Now turning to Pro. We delivered growth of 16% and 36% on a two-year basis, the tenth consecutive quarter that we’ve driven double-digit Pro growth. We are building on our greatly improved Pro product and service offerings with our new MVP Pro Rewards and partnership program and our enhanced Pro CRM, which Joe will discuss later on the call. - Source: Internet
• When you order a quarter of beef or for a quarter share, you will receive about 80 to 110 lbs of meat. You’ll need either a stand-alone freezer or one that will fit in an existing cabinet. You will need at least 7 to 10 cubic feet of freezer space to accommodate your purchase. - Source: Internet
• the double cheeseburger is made from a 1/10 pound patty. So even with two of them you are still getting less actual meat than from a single quarter pounder. Still the meat/bun ratio is higher for a double than a qp. sometimes it can be difficult to get them to understand that I want a double cheeseburger, no cheese. - Source: Internet
• Turning to our performance in building products division. We continue to see broad-based, balanced growth across Pro and DIY in millwork, rough plumbing, electrical, lumber, and building materials, driven by strong project-related demand. We are encouraged by the DIY strength that emerged in building products this quarter as lumber prices come down, DIY consumers are reengaging in home improvement projects they had previously put on hold, leading to double-digit lumber comps in the quarter. In our hardlines division, as lumber demand increased, so is demand for related attachment categories like fasteners, leading to our strong positive comps in hardware. - Source: Internet
• Thank you. This concludes the Lowe’s third quarter 2022 earnings call. You may now disconnect. - Source: Internet
• At its core, that means providing good, stable jobs, comprehensive benefits, competitive wages, and bonus opportunities. As Marvin mentioned, this quarter, we announced $170 million in permanent wage increases, and we are awarding $200 million in bonuses ahead of the holiday season for our frontline hourly associates. This translates to up to $1,000 for eligible full-time associates and up to $500 for eligible part-time associates. As someone who started my career as an hourly associate in home improvement, I understand how meaningful this type of financial recognition can be. - Source: Internet
• We kicked off the holiday season with our trim a tree sets early in the quarter. We are seeing early sell-through on taller, higher-end artificial Christmas trees, which is another example of both discretionary purchasing and consumers trading up. Before I close, I’d like to thank our merchants, supply chain team, and our vendor partners for their hard work and the continued partnership as they continue to provide our customers with the products that they need as we support our stores and communities in the recovery efforts from Hurricane Ian. Thank you, and I’ll now turn the call over to Joe. - Source: Internet
• It’s important for any consumer to know the weight of weed, as these are the weights they are sold in, whether on the street or in a legal dispensary. It’s also just as important that you understand the approximate prices of those different weights. That’s the only way to know if you’re paying too much, or if a low price may indicate a lower quality strain. Knowing the proper weights and how to ask for them will also make you look like a true connoisseur the next time you walk into your local dispensary. - Source: Internet
• So, we didn’t have an anticipation that grills would be a top-selling category in the third quarter. It tends not to be. The same wood patio. And as we spoke to a lot of detail last quarter, we do believe there was some degree of pull forward in some of these more seasonal discretionary categories. - Source: Internet
• And most important: the quarter pound of 100% fresh beef thats cooked when you order. Thats what makes our Quarter Pounder® with Cheese the hottest and juiciest yet. We serve our 100% fresh beef patties on a variety of burgers. Enjoy the mouthwatering fresh flavor on our classic Quarter Pounder® with Cheese. - Source: Internet
• All of these investments reflect our efforts and our commitment to become the employee of choice in retail, where we continually invest in our associates and help them support their families and grow their careers at Lowe’s. Now, turning to Pro. We delivered growth of 16% and 36% on a two-year basis, the tenth consecutive quarter that we’ve driven double-digit Pro growth. We are building on our greatly improved Pro product and service offerings with our new MVPs Pro Rewards and Partnership Program and our enhanced Pro CRM, which Joe will discuss later on the call. - Source: Internet
• Freight Shipments are delivered by small enclosed semi-trucks to the end of your driveway at roadside. If your street/driveway is winding through the woods, not snow plowed or is inaccessible for the freight truck, your delivery might be to the nearest point of access. You can also set up off-loading with a local lumber yard in some cases. Another option is to pick your package(s) up at the local Fed-Ex Terminal by pick-up truck or trailer. - Source: Internet
• Well, I would say, it’s wrong based on the performance in Q1, you use that as your data point, the season broke late top line was not what we anticipated, yet, we still leverage operating margin for the quarter. We see that as an example of the levers that we now have in place to be agile. As I said in my prepared comments, we’ve got a lot of experience sitting around this table. There’s very few things that we have not seen. - Source: Internet
• I guess it’s a fair question. What I will tell you is that we’re seeing strength in both areas. So obviously, when you see 19% growth in Pro, 10 consecutive quarters of double-digit Pro growth, then that tells you that there’s big ticket projects going on that are remodel in nature, but are also what I would call upgrade in nature. We talked about trading up in place, and that is a phenomenon that we’re seeing because the $1.5 million to $2 million shortage of homes in the high interest rate environment is just incentivizing homeowners to keep their low fixed rate and modify their existing home. - Source: Internet
• By far the most popular choice, an eighth of weed is an eighth of an ounce or, half of a quarter. As such, it weighs 3.5 grams. In dispensaries these typically cost between $35 to $50, while street prices are a bit more and fall within the range of $40 to $60. - Source: Internet
• Hi, good morning. Congrats on the nice quarter again. My first question, you know, I don’t want to have the risk of sounding nitpicky, but I mean, given the strength in the business, and as Michael just pointed out in his question, the – basically, these accelerating trends through Q3, and then you talked about the initial strength in seasonal with the mummy sales, why not lift – why not lift sales guidance for the year, especially in – when you’re lifting earnings guidance? - Source: Internet
• So, we didn’t have an anticipation that grills would be a top-selling category in the third quarter. It tends not to be the same wood patio. And as we spoke to a lot of detail last quarter, we do believe there was some degree of pull-forward in some of these more seasonal discretionary categories, but we are not seeing anything that feels or looks like a trade down or consumer pullback. - Source: Internet
• Yet there was still some seasonal business to be had in Q3, and that helped us as the weather was favorable. We – as I said in my prepared remarks, our building products business continued to perform well, and we continue to see strength really across all of our Pro-related categories. And then the shift to indoor, as you see, appliances, kitchen and bath, flooring, paint, those businesses, both on a DIY and the Pro side, you know, continue to do well. And then, holiday with Halloween, and then the early sets of our trim a tree categories were what we saw in Q3. - Source: Internet
• Our executive leadership team is passionate about rewarding our associates and taking care of our customers, which is demonstrated in the investments we make in both our people and in the communities we serve. Another example of these investments in action is the transformation of our disaster response capabilities over the last few years, which dramatically improved our ability to support communities through devastating storms like Hurricane Ian. Year round, Lowe’s now has a cross-functional command center dedicated to supporting our disaster response efforts. In fact, it was these enhanced capabilities that enabled us to respond so effectively to the pandemic. - Source: Internet
• This reflects our expectations of continued strong Pro performance and steady DIY trends. As a reminder, our 2022 sales outlook includes a 53rd week, which equates to approximately 1 billion to 1.5 billion in sales. We continue to expect gross margin rate to be up slightly as compared to the prior year. As you look ahead to the fourth quarter, keep in mind that we are cycling over the second round of lumber inflation in 2021, which benefited product margins. - Source: Internet
• These are the typical cuts of meat that come with an average family’s yearly grocery bill. Depending on how much you use them, these meats can last up to a year for a family of 2 people. They come with an ample amount of ground beef, stew meat, roasts and steak options. - Source: Internet
• There are three parts to a beef round—the top round, bottom round, and the knuckle or sirloin tip. Beef round steaks and roasts can be tough because they get a lot of exercise. The top and bottom round cuts are less fatty than other cuts of meat. They are the best cuts of beef to make delicious homemade jerky. They are Sirloin tip roast is a flavorful cut of meat that can be tough and needs to be cooked slowly or braised. - Source: Internet
• This morning, we are increasing our full-year 2022 financial outlook based on stronger-than-expected flow-through year to date. Please note that our outlook for operating margin, diluted EPS, and return on invested capital are all adjusted to exclude asset impairment and expected transaction costs associated with the sale of our Canadian retail business. We now expect 2022 sales of approximately 97 billion to 98 billion, representing comparable sales of flat to a decline of 1% as compared to prior year. Please note that at the midpoint of the range, this implies that fourth-quarter comparable sales will be slightly positive. - Source: Internet
• Yeah, Liz, this is Brandon. I think on the inflation front, we do continue to see high single-digit inflation this quarter, inclusive of about 80 basis points that I mentioned earlier of commodity inflation. Our consumer does continue to be resilient. We haven’t seen any significant trade down. - Source: Internet
• Good morning, everyone, and welcome to Lowe’s Companies third-quarter 2022 earnings conference call. My name is Rob, and I’ll be your operator for today’s call. As a reminder, this conference is being recorded. I will now turn the call over to Kate Pearlman, vice president of investor relations. - Source: Internet
• We also deploy our emergency response teams to the hardest hit areas. These associates volunteer to lead their home stores, giving their colleagues in the impacted areas a chance to focus on their families, and we go a step further to help impact the associates by deploying refueling stations and our mobile disaster relief trailers with showers, washers, dryers, and meals and offering financial assistance through our Lowe’s Employee Relief Fund. In addition to demonstrating the importance of our improved disaster response capabilities, Hurricane Ian also spotlighted the value of our expanded omnichannel fulfillment options. Earlier in the quarter, Lowe’s rolled out same-day delivery nationwide with more than 1,700 stores now supported by Instacart. - Source: Internet
• As a reminder, our 2022 sales outlook includes a 53rd week, which equates to approximately $1 billion to $1.5 billion in sales. We continue to expect gross margin rate to be up slightly as compared to the prior year. As you look ahead to the fourth quarter, keep in mind that we are cycling over the second round of lumber inflation in 2021, which benefited product margins. We also expect continued shrink pressure next quarter. - Source: Internet
• But we are not seeing anything that feels or looks like a trade down or consumer pullback. I mean, to the contrary, the third quarter was our best performing DIY quarter of the year. And that customer segment tends to be kind of the indicator for us on the overall health of our business. Pro has been strong all year. - Source: Internet
• That’s $0.76 more per pound when you go with a quarter cow. If you can’t afford a whole or half cow (or you don’t think you’ll eat that much meat), the price is still better than grocery store prices overall. But if you’re looking for the absolute most bang for your buck, avoid the quarter cow. - Source: Internet
• Awesome. My follow-up question is at the risk of pulling forward a little bit of your messaging from a couple of weeks now, your SG&A dollars have been very well contained over the last few quarters, leading to the idea that maybe Lowe’s doesn’t have as much cushion in its cost structure in the event that there could be a downturn in home improvement demand, either because of housing or just a weakening labor market. Why is that wrong? - Source: Internet
• As an example, this quarter, we began displaying delivery dates earlier in the purchase process to highlight our improved next-day delivery options. If the customer needed to quickly replace a refrigerator or washer that’s just stopped working, this feature now helps them focus their attention to product that’s immediately available. This is especially important for Lowe’s as our appliance business is skewed toward replacement within existing homes versus new housing starts. As I mentioned last quarter, we also continue to see customers trading up for innovation, like with our new Maytag Pet Pro washer with technology that removes pet hair from clothes in the wash cycle, which is exclusive to Lowe’s. - Source: Internet
• We also saw continued momentum in Pro reflecting the success of our Pro initiatives and the resilience of home improvement demand. In addition to strong sales growth, our persistent focus on productivity once again drove improved operating performance with substantial improvement in adjusted operating margin of 54 basis points and adjusted diluted earnings per share of $3.27, an increase of 20% as compared to last year. These outstanding results enable us to make critical investments in our most important asset, our associates. In this quarter, we announced an incremental $170 million investment and permanent wage increases for our frontline hourly associates. - Source: Internet
• We rebalanced our network to ensure our parcel stores are optimally located close to shipping hubs, and we have upgraded our technology and hardware to support faster fulfillment. Ahead of the holidays, we are on track to meet our goal of decreasing shipping times by 50%. And these are just a few of many examples of our tenacious focus on perpetual productivity improvements, or PPI, that are scaling across our stores over time. Shifting to Pro, I would like to thank our Pro team for delivering outstanding results once again this quarter, driving Pro comps over 16% for the quarter and 36% on a two-year basis. - Source: Internet
• No, I appreciate the question. And here’s what I would say. When we look at markets around the country where we saw an aggressive increase in home prices during the pandemic, now you can see some of those prices start to fall. Those markets are performing at the same rate of performance as other markets. - Source: Internet
• When buying marijuana, either legally or through a dealer, it’s important to understand the different weights. Weed is sold by weight and as such, knowing the weights will provide a good indication as to how long it will last. The most common weights are a quarter of weed and an eighth of weed. However, frequent users also often purchase an ounce of weed or a half ounce. - Source: Internet
• TIP: Quarter Beef: Typically, you will receive 30lbs of 90% lean ground beef and 3-4 packages of stew meat. Half Beef: Typically, you will receive 65lbs of 90% lean ground beef and 6-8 packages of stew meat. Whole Beef: Typically, you will receive 130lbs of 90% lean ground beef and 12 – 16 packages of stew meat. - Source: Internet
• Short loin steaks are some of the best-tasting and most popular steak cuts. They come in a variety of thicknesses, so you can get around 10 to 12 steaks from this piece. The butcher can take out the sirloin cut, which is located directly behind the short loin. This is a premium cut of meat that has a tender flavor and can be cut into different steaks for grilling. - Source: Internet
• But that proved to be a real challenge because once Pros here the benefits, they are eager to join. So, awareness and continued execution will be the key to our ongoing success. As I close, I would like to thank our associates once again for their commitment to Lowe’s and our customers. Without them, the strong results that we delivered this quarter would not be possible. - Source: Internet
• This quarter, we also launched a new exclusive home center partnership with Miele, a global leader known for high-end premium appliances. This reflects our ongoing commitment to ensuring that we have new high-quality offerings across all price points with leading products from All-Star brands like Trex, DEWALT, Owens Carney, John Deere, EGO, Honda, KitchenAid, Samsung, LG, Kohler, Moen, Whirlpool, Husqvarna and Aaron’s. Paint delivered strong positive comps this quarter across both Pro and DIY. - Source: Internet
• In hardlines, comps were down slightly as we cycled over significant storm prep activities in Louisiana from Hurricane Ida in 2021 that did not repeat at the same scale when Floridians prepared for Hurricane Ian in 2022. Overall, growth was well balanced with eight of our 15 merchandising departments above company average. Beginning with our home decor division, the fall nesting trends that Marvin mentioned led to standout performance across core interior categories, including appliances, paint, kitchens and bath, and flooring. Appliance sales were bolstered by a strong Labor Day event and higher online sales as we continue to enhance our lowes.com user experience. - Source: Internet
• Turning to our performance in Building Products division. We continue to see broad-based balanced growth across Pro and DIY in millwork, rough plumbing, electrical, lumber and building materials, driven by strong project-related demand. We are encouraged by the DIY strength that emerged in building products this quarter as lumbering engaging in home improvement projects they had previously put on hold leading to double-digit lumber comps in the quarter. - Source: Internet
• And the good news is for the first time this year, we saw continued strength in Pro, and we saw sequential improvement in DIY. So, that is something that gives us confidence that things are headed in the right direction. I’ll let Bill talk about what performed well in the third quarter relative to product categories that really gave us a really strong two to three years stack for that mark. - Source: Internet
• Information. Frozen beef will be safe indefinitely. However, for best quality, use uncooked steaks, roasts, or chops within four to 12 months, uncooked ground beef within four months, and cooked beef within two to three months. - Source: Internet
• Do we have confidence in what we’re going to deliver for the holiday season, you bet we do. And we think we have a great plan for the balance of this quarter and going into next year. But in an environment where there’s so much concern in the macro. We just felt it was appropriate to just be conservative. - Source: Internet
• DIY sales trends improved from Q2 with strong performance across many core home improvement and categories as consumers spent more time at home following summer travel activity. DIY project-related demand also increased sequentially due to lower lumber prices. On lowes.com, sales increased 12% in the quarter, partly driven by strong appliance sales. Finally, we estimate that the net effect of storm-related sales year over year was relatively flat as we cycled over Hurricane Ida in the prior year. - Source: Internet
• HI. good morning. So, following up on the SG&A dollar question, as you’ve been able to take out a couple of hundred million of SG&A in both Q1 and Q2, and while Q3 was basically flat, it looks like your Q4 SG&A embeds a pretty notable step-up in trend, even excluding the extra week. So, can you just help me understand the puts and takes on the SG&A line in a little bit more detail and perhaps talk through the impact of the efficiency initiatives and then also to what extent you’re able to flex up and down labor with the lower volumes today? - Source: Internet
• That’s really helpful. And then a quick big-picture question on Pro for you, Marvin. Lowe’s continues to have great traction there. It looks like the multiyear comp held up this quarter at 36%. - Source: Internet
• How much freezer space will my beef take? For a quarter share (85 pounds of meat), you’ll want to have 4 cubic feet. And for a Side (half), around 8 cubic feet. A whole cow will need 16 cubic feet. - Source: Internet
• With lumber where it is, we’ve actually seen a benefit of 80 basis points to the pricing runs out into Q4, we’re expecting that to actually flip to a 90 basis point drag. So that’s about 170 basis point swing. Again, that’s taken where we are from a benchmark perspective of below about $500 and running that out and comparing that to where lumber prices inflated round two of last year. So all in, excluding lumber, and the differences I just cited, the Pro comp momentum is expected to continue and the DIY trends that Bill mentioned are expected to continue through Q4. - Source: Internet
• When referring to a quarter of weed, what you’re really saying is a quarter of an ounce. Since an ounce is 28 grams, a quarter is then seven grams. Quarters are one of the most popular weights with consumers. They usually cost between $70 to $90 in a dispensary, while costing anywhere from $80 to $120 on the street. - Source: Internet
• No. Zach, it’s a fair question. What I will tell you is that we’re seeing strength in both areas. So, obviously, when you see 19% growth in Pro, 10 consecutive quarters of double-digit Pro growth, then that tells you that there’s big-ticket projects going on that are remodel in nature but are also what I would call upgrade in nature. - Source: Internet
• Gross margin was 33.3% of sales in the third quarter, up 20 basis points from last year. Product margin rate was up 110 basis points versus the prior year as we cycled over a lumber margin pressure in the third quarter of 2021, which was triggered by a steep decline in prices that began last July. - Source: Internet

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