Lowe’s forecasts 2023 sales below market expectations due to sagging demand

📆 01/03/2023 17:27:00

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Lowe’s projected full-year total sales of $88-billion to $90-billion, while analysts on average estimated annual revenue of $90.48-billion

📆 01/03/2023 17:27:00
📰 globeandmail

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The company also forecast 2023 earnings in the range of $13.60 to $14.00 per share, the midpoint of which was slightly ahead of an estimate of $13.79 per share.

Lowe’s reported a 1.5 per cent decline in comparable sales for the three months ended Feb. 3, worse than expectations of a 0.01 per cent drop.Tickers mentioned in this storyBuild your personal news feed

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