Lowe's forecasts annual comparable sales largely below estimates
ReutersFeb 26, 2025 11:04 AM
Feb 26 (Reuters) - Lowe's Cos LOW.N forecast annual comparable sales largely below Wall Street estimates on Wednesday, on signs of a prolonged recovery in the home improvement sector amid higher interest rates and a weakening economy.
The home improvement retailer expects full-year 2025 comparable sales to be flat to up 1% compared to analysts' estimate of a 1.13% rise, according to data compiled by LSEG.
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