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Nice try but too bad your math isn't accurate. And nothing in your argument comes close to negating the simple fact that HD flat out did LOW on their pandemic response. While the Lowe's in my area were welcoming every customer they could pack into the store, the Home Depots were both limiting customers and hours of operation. Our area Lowe's didn't make any attempt to limit customers till they were forced to do so by both state and county orders.
Now for your math... Yes HD has approximately 14% more stores (approximately 2285 HD vs 2000 LOW) and more importantly about 29% more employees (~400K vs ~310K). So using your logic I would expect their pandemic response outlay to perhaps be 33% higher at best but not the 2.5 to 1 they paid out. As for your other numbers they are also flat out wrong (see Q1 2020 links below). HD gross sales for Q1 2020 were 28.26 billion to LOW 19.675 billion (a difference of 8.585 billion, NOT the 40 billion you posted), or doing the math 43% higher than LOW. More importantly HD net profit was 2.245 billion to LOW 1.337 billion, which is almost 68% higher than LOW. Lastly, 850 - 340 = 510, NOT the 400 you posted. Using your own quote, "It’s called math genius".
Bottom line Home Depot is simply a better run company.
If Marvin is so good he would of been tapped to take over as Home Depot’s CEO.
If Lowe’s was the better company we would not be copying everything thing they do down to the hand made signs last summer.
Lol of course Home Depot had to spend more. That’s what happens when a company has 200 more stores than the other with almost 40 billion more in sales. It’s called math genius. With 40 billion extra in sales and the extra 400 million spent on pandemic this clearly shows they didn’t control the rest of their expenses. Read a book before posting unintelligible nonsense.
I swear this country is headed for a workers revolt.
I also find it ridiculous that the managers got an extra two weeks when they’re basically on vacation every day as it is. Of all the managers in my store, I’ve only seen one of them actually on the floor doing any kind of work in the past two months. He talks about quitting every day. The rest of them say they were “busy with admin stuff.” They just walk all over the store manager who also hides. Where is the extra time off for all of us who are k–ling ourselves and taking all the abuse? And basically picking up the slack the gaping hole of leadership from these managers. I guess they’re just following in the footsteps of the C-suite.
21st century slavery. Go get your slave wages
HD stepped up for its employees and gets stepped on by Wall Street...Lowes does a bare bones worker response and is treated like a corporate diva. What a sad state of affairs this is for the retail working class.
Yea, both HD and LOW posted their first quarterly 2020 report. The figure that caught my eye was HD's estimated 850 million in pandemic related expenses to LOW's 340 million in pandemic related expenses. BIG difference between the two (2.5 to 1). Also didn't know that apparently LOW's gave their salaried managers and extra two weeks of vacation. Is it any wonder that the average hourly worker feels mostly left out and c-apped on by this company.
Home Depot had record profit, but much of their expenses went to increased benefits such as double OT and extra sick time. Their shares are going down.