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Lowe’s cuts annual sales growth forecast as consumers curb high-cost renovations

The retailer reported mixed quarterly results and said higher mortgage rates and a sluggish housing market are curbing demand for big projects.

Summary by WTVB
Aug 19 (Reuters) - Home-improvement retailer Lowe's said on Wednesday it now expects no growth in annual ​comparable sales, as consumers remained ‌cautious on expensive renovation projects and discretionary spending. The company, whose shares dropped 3...

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Seeking Alpha broke the news in Ra'anana, Israel on Wednesday, August 19, 2026.
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