Reported about 18 hours ago
Lowe's is set to report its fourth quarter earnings, with analysts predicting a soft performance affected by decreased spending from DIY consumers, high interest rates, and challenging comparisons from previous years. Despite potential boosts from recent natural disasters and strong holiday sales, revenue is expected to drop to $18.3 billion, with adjusted earnings projected to rise to $1.84 per share. While same-store sales may decline by 1.91%, some analysts believe Lowe's could benefit once DIY customers return to the market.
Source: YAHOO