Lowe's Says 2025 Sales Growth Likely as it Lays Out Financial Targets
Lowe's(LOW) Investopedia·2024-12-12 02:40
Key TakeawaysLowe's held its annual investor day Wednesday, laying out its plan for 2025 and beyond as it works to return to revenue growth.Sales are expected to decline in 2024 compared to 2023, as inflation and a slow housing market hampered home improvement and other discretionary spending.The retailer said it plans to expand its market share among professional contractors in the coming years, and said an improved housing market would help sales. Lowe's (LOW) said Wednesday that it expects to return to s ...