Reported 3 days ago
Lowe's Companies recently reported a decline in sales and profitability in its first quarter, warning that issues affecting its business are likely to persist. Although the company slightly beat earnings expectations, its report indicated ongoing headwinds due to cautious consumer spending and adverse weather conditions. Despite maintaining its revenue guidance for 2025, investor sentiment remains cautious as the retail environment for home improvement continues to struggle, leading to skepticism about future growth.
Source: YAHOO