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

Lowe’s reported mixed results for its fiscal second quarter ended July 31, with the home improvement retailer adjusting its full-year outlook downward to reflect softer consumer spending on home projects. The company maintained its full-year guidance range but moved its projections to the lower end, now expecting total sales of $92 billion compared with a prior range of $92 billion to $94 billion, and comparable sales to be flat rather than flat…

What Lowe's and Home Depot earnings tell us about home furnishings

The performance of America’s largest home improvement retailers offer clues for the furnishings industry ATLANTA — Two of the country’s largest home-improvement retailers, Home Depot and Lowe’s, reported their second-quarter financial results last week, offering another glimpse into how today’s home consumer is spending. While both retailers posted sales growth, their respective results suggest that consumers are prioritizing smaller projects, m…