Reported 2 days ago
Lowe's reported quarterly results that surpassed expectations with revenues of $20.17 billion and adjusted earnings per share of $2.89. However, focus has shifted to its negative sales outlook, as same-store sales declined 1.1% amid ongoing affordability challenges for consumers and high mortgage rates. Despite these issues, Lowe's anticipates ending the year with higher total net sales and remains optimistic about potential recovery in home improvement demand.
Source: YAHOO