Lowe's said customers took on fewer discretionary home projects and unfavorable weather hurt sales of outdoor and seasonal items.
Lowe's cited "lower-than-expected DIY sales and a pressured macroeconomic environment."A Lowe's Home Improvement Warehouse worker collects carts in a parking lot on August 17, 2022 in Houston, Texas.on Tuesday cut its full-year forecast, as the home improvement retailer's quarterly sales declined and it said it expects spending on do-it-yourself projects to weaken.
Lowe's in a news release cited "lower-than-expected DIY sales and a pressured macroeconomic environment." Net sales dropped from $24.96 billion in the prior year. Lowe's posted a year-over-year sales decline for the sixth straight quarter. for earnings and revenue. Yet the company said it expects the back half of the year to be weaker than anticipated as consumers continue to have a "deferral mindset."
Breaking News: Earnings Lowe's Companies Inc Retail Industry Business Breaking News: Business Home Depot Inc Walmart Inc Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
“I’m a Nepo Maybe”: John Owen Lowe, in Conversation With Rob LoweFather-son duo and 'Unstable' co-stars Rob Lowe and John Owen Lowe talk nepotism, presidential debates, and season two spoilers.
Read more »
Unstable Season 2's Rob & John Owen Lowe Talk "Too Meta" Storytelling, Lamorne Morris & St. Elmo's FireRob Lowe and John Owen Lowe Unstable Season 2 Interview header YT
Read more »
Rob Lowe's Son Recalls 'Mental Breakdown' on Set With His DadJohn Owen Lowe recalled having a ‘mental breakdown’ while filming ‘Unstable’ with dad Rob Lowe
Read more »
Rob Lowe's son says he's a 'complete idiot in the best way'John Owen Lowe has grown to have 'additional respect' for his father, Rob Lowe, after working together on Netflix's 'Unstable,' but he still enjoys poking fun at his old man's 'annoying' tendencies.
Read more »
‘Wednesday’ & ‘The Haunted Mansion’ Invade Lowe’s 2024 Halloween DecorJenna Ortega as Wednesday Addams dancing with her hands up in Wednesday.
Read more »
1 Stock to Buy, 1 Stock to Sell This Week: Palo Alto Networks, Lowe’sStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Baidu Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Read more »