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Lowe's raises annual same-store sales forecast
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Lowe's raises annual same-store sales forecast
Nov 19, 2024 8:35 PM

Nov 19 (Reuters) - Home improvement retailer Lowe's Cos

forecast a slower-than-expected drop in annual

comparable sales on Tuesday as a pickup in hurricane-related

demand and favorable weather boosted quarterly sales, even as

big-ticket spending remained strained.

The company now forecasts same-store sales to be down 3% to

3.5% in 2024 from its previous target of a decline in the range

of 3.5% to 4% from the prior year.

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