Lowe's cuts annual sales growth forecast as consumers curb high-cost renovations
19/08/2026 11:07
Lowe's cuts annual sales growth forecast as consumers curb high-cost renovations Aug 19 (Reuters) - Home-improvement retailer Lowe's LOW.N 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 being in a range of flat to up 2%.
(Reporting by Angela Christy in Bengaluru; Editing by Joyjeet Das)
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