The home improvement retailer raised its outlook, but still expects full-year sales to decline from the prior year.beat Wall Street's quarterly earnings expectations on Tuesday, as outdoor do-it-yourself projects, the home professional business and stronger online shopping fueled sales.Yet even with the better-than-expected results, the home improvement retailer is projecting a year-over-year sales decline.
Lowe's is lapping a year-ago period when the company lowered its outlook and sales tumbled nearly 13% year over year. It alsoin August, as it predicted weak home improvement demand in the back half of the year because of high interest rates. Here's what the company reported for the three-month period that ended Nov. 1 compared with what Wall Street was expecting, based on a survey of analysts by LSEG:in the year-ago period., even after two interest rate cuts by the Federal Reserve. Home Depot beat Wall Street's sales and earning expectations, yet posted its eighth quarter in a row of declining comparable sales.
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