Lowe's Partners With Affirm for 0% APR Financing, Shares Slip
Lowe's shares fell 2.17% to $281.16 after lagging the S&P 500's 0.1% gain, while analysts project Q4 EPS of $1.95 on $20.36 billion revenue, up 1.04% and 9.76% year-over-year. The retailer launched Affirm's buy-now-pay-later plans offering biweekly or monthly installments with some 0% APR financing.
1. Affirm Partnership Expands Financing Options
Lowe's integrated Affirm's buy-now-pay-later plans into its digital checkout, allowing eligible customers to split purchases into biweekly or monthly installments with some plans at 0% APR and no hidden fees. Affirm will also feature Lowe's in its merchant marketplace, potentially broadening the retailer's reach to new shoppers.
2. Stock Performance and Earnings Outlook
Shares of Lowe's closed at $281.16, down 2.17% versus a 0.1% gain in the S&P 500, marking a shift from earlier gains. Analysts project Q4 EPS of $1.95 on $20.36 billion in revenue, reflecting 1.04% and 9.76% year-over-year growth, with full year estimates at EPS $12.26 and revenue $86.06 billion.