Lowe's posted higher sales but trimmed its outlook as DIY spending stayed under pressure
Lowe's reported higher sales but trimmed its outlook due to persistent softness in do-it-yourself spending. The home improvement retailer cut its full-year sales and profit targets to the bottom of prior guidance ranges, according to Quartz.
Total second-quarter net sales rose by 8.3% to $25.96 billion. Adjusted per-share earnings stood at $4.40, up from $4.33 a year earlier.
Lowe's updated its outlook for the 2026 fiscal year, now anticipating comparable sales to be flat compared to the prior year, as Investing.com reported. Previously, the company expected the figure to be in a range of flat to growth of 2%.
Brief written by urgent.news from Quartz, Investing.com — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
