“Lowe’s beats on earnings and revenue, even as consumers spend less on DIY projects”
May 28, 2024
“Lowe’s topped Wall Street’s quarterly earnings and revenue expectations on Tuesday, even as do-it-yourself customers bought fewer pricey items…
Lowe’s stuck by its full-year forecast. It said it expects total sales of between $84 billion and $85 billion, which would be a drop from $86.38 billion in fiscal 2023. It anticipates comparable sales will decline between 2% and 3% compared with the prior year, and expects earnings per share of approximately $12 to $12.30…”
https://www.cnbc.com/2024/05/21/lowes-low-q1-2024-earnings.html