Lowe's cuts annual sales growth forecast as consumers curb high-cost renovations

LOW•2026-08-19

Lowe's trims annual comparable sales outlook

Aug. 19 (Reuters) - Home-improvement retailer Lowe's cut its forecast for annual comparable sales growth on Wednesday, as consumers remained cautious on expensive renovation projects and discretionary spending.

The company now expects comparable sales for the fiscal year to remain flat, compared with its previous expectation of growth in a range of flat to up 2%.

Lowe's cuts annual sales growth forecast as consumers curb high-cost renovations

Lowe's trims annual comparable sales outlook

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