Lowe's gives muted outlook as it sees 'pressure' in home improvement spending
Lowe's on Wednesday reported mixed results as the home improvement retailer said it saw "pressure" in spending on projects. Though the company did not cut its full-year guidance, it updated its outlook to the bottom end of its prior guidance.
Reported by 2 outlets — CNBC Top News, Investing.com · Stock Market. See all sources ↓
Lowe's on Wednesday reported mixed results as the home improvement retailer said it saw "pressure" in spending on projects. Though the company did not cut its full-year guidance, it updated its outlook to the bottom end of its prior guidance. It now expects total sales of $92 billion, compared to $92 billion to $94 billion previously, and comparable sales to be flat, versus flat to up 2%. It expects adjusted earnings per share for the year of $12.25, versus $12.25 to $12.75 previously.
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Why it matters
2 outlets are covering this world story — one to watch as reporting develops.
- What's the story?
- Lowe's on Wednesday reported mixed results as the home improvement retailer said it saw "pressure" in spending on projects. Though the company did not cut its full-year guidance, it updated its outlook to the bottom end of its prior guidance.
- How widely is it covered?
- 2 outlets, average source rating 6.5/10.
- When was it last updated?
- 8m ago.
How outlets are framing the same story
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Lowe's gives muted outlook as it sees 'pressure' in home improvement spending
Sources1TypeCoverageCNBC Top News
- Coverage card1 outlet2CoverageScouting report
Lowe’s cuts annual sales growth forecast as consumers curb high-cost renovations
Sources1TypeCoverageInvesting.com · Stock Market