Reported about 2 months ago
Lowe's is expected to report a sales decline in its upcoming fiscal second quarter earnings, echoing Home Depot's disappointing results. Analysts predict a 4% drop in revenue to $23.9 billion and a 13% decrease in adjusted earnings per share. This decline marks the seventh consecutive quarter of reduced sales for Lowe's, attributed to consumer hesitance regarding home improvement amidst economic uncertainties and rising costs.
Source: YAHOO