Who's cheaper Home Depot or Lowe's?

Asked By: Sha Jezequel | Last Updated: 19th June, 2020
Category: home and garden home improvement
4.3/5 (37 Views . 24 Votes)
Like many retail environments, you will find Home Depot is cheaper on some things, Lowe's will be cheaper on some others. Grocery stores are exactly the same.

Click to see full answer

Regarding this, is Lowes or Home Depot cheaper for lumber?

When purchasing lumber for a building or home improvement project, both price and quality can vary between stores. In general, The Home Depot has the lowest prices on lumber, and Lowe's prices are typically just a few cents more.

Subsequently, question is, does Home Depot or Lowes have better lumber? Local lumber yards around here are not only better, but often cheaper than the big box stores. If you are definitely deciding between those two though, in my experiences Lowes has way better lumber. So much so, that on small orders, I drive out of my way to pass home depot and drive miles away just to get to Lowes.

Similarly, it is asked, who is more profitable Lowes or Home Depot?

Home Depot's revenue base is nearly 50% larger than that of Lowe's. It's also the far more profitable business, with an operating margin of 14.5%, compared to 8.9% for its smaller rival. In turn, Home Depot generated more than twice as much cash from operations and free cash flow as Lowe's over the past year.

Is Home Depot cheaper than Menards?

Friends who shop Menards and Home Depot a lot more often than I do say that Menards' prices are usually lower than Home Depot's, but you can find higher quality goods at Home Depot. A lot of Home Depot's prices in its circular are regular, not sale prices.

29 Related Question Answers Found

Is it cheaper to buy wood at a lumber yard?

Lumber can be cheaper from local lumber yards, for example Parr Lumber. The lumber from these yards is generally better, but at lowes/etc you can cherry pick more easily. Fastners are cheaper elsewhere if you're buying a significant amount of them.

Is Lowes owned by Walmart?

Lowe's is owned by Lowe's Company Inc., and Walmart is owned by Wal-Mart Stores Inc. Wal-Mart Stores Inc. exclusively operates the Lowe's line of home improvement stores. Each company has its own associated private brands that are carried only in its own stores.

Is Lowes going out of business 2019?

Stores closing in 2019: 51
Home improvement retailer Lowe's has been taking a hacksaw to part of its business. It planned to cut 20 stores in the U.S. and 31 in Canada in early 2019. Lowe's still has more than 2,000 locations between the two countries.

Should I buy lumber from Home Depot?

If you are a single homeowner with limited ability to deal with jobbers or wholesalers, then you are more than likely to find that Home Depot has what you need at a competitive price. So, the answer to your question is yes. I buy a lot of lumber from Home Depot because the nearest Lowes is 10 times farther away.

What is the cheapest wood to buy?

Pine is pretty universally cheap though. Home depot where I am sells black spruce (2x4s etc) pine, poplar, rock maple and red oak (in order from cheapest to most expensive) and it's all ridiculously priced and warped because it's pre-dressed.

What is the cheapest wood to build with?

Pine is very affordable and lightweight with a pale finish which is great for staining. It is less durable wood compared to hard woods such as maple or oak. Pine blends well with other woods, making it ideal if you are looking for furniture that will match existing pieces in your home.

Where can I get cheap wood?

Lumber Salvage: The Top 10 Sources for Cheap, Free and Recycled Wood
  • Commercial Woodworking Firms.
  • Lumber Mills and Lumber Yards.
  • Furniture at Yard Sales, Junk Stores and Flea Markets.
  • Volunteer for a Deconstruction Project.
  • Woodworking Forums.
  • Construction Site Dumpsters and “Burn” Pile.
  • Wood Pallets.

Who is Home Depot biggest competitor?

The following are the Home Depot competitors.
  • Target.
  • Lowe's.
  • JC Penney.
  • Walmart.
  • Amazon.
  • Best buy.
  • Staples.
  • Kingfisher PLC.

Who is Lowe's biggest competitor?

Lowe's's competitors. Lowe's's top competitors include Kingfisher, The Home Depot, Target, Walmart, Best Buy, Costco and Bed Bath & Beyond. Lowe's is a home improvement retailer that offers a complete line of products for construction, maintenance, repair, remodeling, and decorating.

Is Lowe's going out of business?

Lowe's will close 51 underperforming stores in North America, the company announced Monday. Ellison, Lowe's president and CEO, said in a statement. The company said it plans to close these stores by Feb. 1, 2019.

Should I invest in Home Depot or Lowes?

Although Home Depot has been the better stock to own, both Home Depot and Lowe's have been good investments. Both have handily beat the market long term, even when taking into account the down years that all consumer discretionary stocks face from time to time. But today, if I could only buy one, I'd buy Lowe's.

What is Home Depot's net worth?

Home Depot's Net Worth: $88.1B
Based solely on The Home Depot's revenue and profits from the last three years, The Home Depot is worth just over $88 billion.

Why is Home Depot stock down?

Home Depot stock was lower on Tuesday, following a downgrade from Guggenheim, which worries that the home-improvement retailer's forthcoming business investment cycle could tamp down the shares' returns. The back story. Home Depot shares (ticker: HD) haves had a great run in 2019.

Which Lowe's stores are closing?

Here are the Lowe's stores that are closing:
  • U.S.
  • Alabama. Lowe's of Graysville, AL (Store #3039)
  • California. Lowe's of Aliso Viejo, CA (Store #1900)
  • Connecticut. Lowe's of Orange, CT (Store #621)
  • Illinois. Lowe's of Granite City, IL (Store #3028)
  • Indiana. Lowe's of Portage, IN (Store #1778)
  • Louisiana.
  • Massachusetts.

Why are Home Depot and Lowes next to each other?

Home depot and Lowe's both have to abide by city zoning laws, they are large businesses and have stricter rules than smaller businesses. Additionally they both require large lots and both companies evaluate the market for the most profitable locations in any city.

Who are Home Depot's customers?

Its DIFM customers are home owners purchasing materials themselves and hiring third parties to complete the project or installation. Professional Customers are primarily professional renovators/remodelers, general contractors, repairmen, installers, small business owners and tradesmen.

Can you return wood to Lowes?

If you're not completely satisfied with your Lowe's purchase, simply return the merchandise to any Lowe's store in the US. Most new, unused merchandise can be refunded or exchanged with proof of purchase within 90 days of the original purchase date. Some exceptions to the standard policy exist.