Lowe's falls after cutting annual sales growth forecast - LOW News | RalliesLowe's falls after cutting annual sales growth forecast
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LOW• Lowe's cuts annual sales outlook
- Shares of Lowe's LOW.N slipped 2% to $211.60 premarket.
- The home improvement firm now sees no growth in FY comp sales.
- Consumers stay cautious on costly renovation, discretionary spending.
- Lowe's now expects FY adjusted EPS of $12.25, compared with a previous expectation of $12.25 to $12.75.
- The outlook includes tariff refunds received during Q2.
- Q2 sales of $25.96 billion missed estimates of $26.16 billion, according to data compiled by LSEG.
- Q2 adjusted EPS was $4.40 versus estimates of $4.22.
- Up to the last close, the stock was down about 11% year to date.
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