Lowe's (LOW) Q2 Earnings Beat, Comps Fall & FY24 Outlook Cut
Lowe's(LOW) ZACKS·2024-08-20 23:50
Lowe’s Companies, Inc. (LOW) came up with second-quarter fiscal 2024 results, wherein the top line fell short of the Zacks Consensus Estimate, while the bottom line surpassed the same. This Mooresville, NC-based company experienced a year-over-year decline in both metrics and continued with its trend of dismal comparable sales. The drop in big-ticket discretionary spending among Do-It-Yourself customers, along with adverse weather affecting seasonal and other outdoor categories, hurt the company’s performan ...