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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.
4 Articles
4 Articles
Lowe’s cuts annual sales growth forecast as consumers curb high-cost renovations
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...
Lowe’s gives muted outlook as it sees ‘pressure’ in home improvement spending
Lowe’s gives muted outlook as it sees ‘pressure’ in home improvement spending Click this link for the original source of this article. Author: CNBC This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the host site...
Coverage Details
Total News Sources4
Leaning Left1Leaning Right2Center1Last Updated50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
Factuality
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