Fact check:
1 Revenue audits only occur for public companies after taxes are filed so any mis- statements can be corrected at that time, tax records compare income accounts and receivables on the income and balance sheet respectively.
2 Lowes used a deep discounted promotion for clearing class change inventory before charging off
non sellables. Revenue growth is certain but always follows a margin decline evidenced in Lowes'
reported results https://newsroom.lowes.com/news-releases/q1-2019-sales-earnings/ (note unaudited caption!)
3Lowes engaged in large buyback program commitment prior to Q1 report (Odd timing to say the least) 818 million
4Lowes ' offered discounts nationally online and used this lost leader strategy including free delivery and brand credit discounts to drive sales resulting in further depressed margins usually 34% down to
-
46%
This pattern is similar to Sears during its first restructure and combine with Kmart in 2006 by ex Sachs, Yalie, s. Lambert hedge fund extraordinaire
Results: No such behavior by Home Depot who lost the SSSG while Lowes' SHED 152 STORES IN FEB
IF CORPORATE FLUNKIES WANT TO MONITOR THIS FORUM STATE FACTS. NO ONE SAID YOU MADE UP NUMBERS. WE JUST HAVE A GOOD CHUCKLE REALIZING YOU DON'T UNDERSTAND THEM AND YOUR CEO CAN'T FIGURE OUT HOW TO CALCULATE GROSS MARGIN! FAKE NEWS!
and regarding internet sales if customer orders over the internet in store who gets the sale? if the order picked up but shipped via central distribution? This subject would fall under channel stuffing if
done incorrectly! just saying seems like stores complaining alot about unneeded inventory stockpiling still many out of stocks logistics? simple stuff Stop blowing smoke lol