Reported 3 days ago
Lowe's is expected to report its eighth consecutive quarter of same-store sales decline, with analysts predicting a 3% drop in Q3 revenue to $19.93 billion compared to last year and a 9.62% decrease in adjusted earnings per share to $2.82. The estimated decline in same-store sales is 2.7%, influenced by reduced foot traffic despite a slight increase in average ticket size. Positive indicators for future growth include potential Fed rate cuts and recovery efforts following recent hurricanes, which may boost consumer spending for home improvement.
Source: YAHOO