's shares plummeted 9% before the bell Wednesday after the company posted mixed fiscal first-quarter results and cut its forecast for the fiscal year.
"Our first quarter comparable sales performance is a clear indication that the consumer is healthy and our focus on retail fundamentals is gaining traction," Lowe's CEO and president Mark Ellison said in a company release. "However, the unanticipated impact of the convergence of cost pressure, significant transition in our merchandising organization, and ineffective legacy pricing tools and processes led to gross margin contraction in the quarter which impacted earnings.
For fiscal 2019, the company estimates total sales will rise 2%, while same-store sales are expected to increase 3%.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
Home Depot too!
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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