Lowe's cuts full-year outlook as it expects home improvement sales to weaken
LOWLowe's(LOW) CNBC·2024-08-20 18:27

Lowe's on Tuesday cut its full-year forecast, as the home improvement retailer's quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken.The company said it now expects total sales of between 82.7 to 82.7 to 83.2 billion for the full year, compared with the 84billionto84 billion to 85 billion that it previously expected. It said it expects comparable sales to fall by 3.5% to 4%, compared to its prior forecast of a decline of 2% to 3%. It anticipates adjusted earnings per share will be ...