Lowe's Q3 Earnings Beat, Comps Decline, FY24 Outlook Revised
Lowe's(LOW) ZACKS·2024-11-20 00:31
Lowe’s Companies, Inc. (LOW) came up with third-quarter fiscal 2024 results, wherein the top and bottom lines beat the Zack Consensus Estimate. However, the Mooresville, NC-based company faced year-over-year declines in both metrics and extended its streak of soft comparable sales performance.The drop in big-ticket discretionary spending among Do-It-Yourself (DIY) customers hurt the company’s performance. However, this was partly mitigated by storm-related sales and growth in Pro and online comparable sales ...