Lowe's expects weaker annual sales as homeowners delay major renovation projects
The home improvement retailer projects lower annual sales and profit as customers pull back on big-ticket spending. Shares fell today following the report.
洞察:
Lowe's Companies, Inc. announced on Wednesday, February 25, 2026, that its forecast for annual sales and adjusted earnings per share for the fiscal year has fallen below Wall Street estimates. The company attributed the lower guidance to customers delaying big-ticket home renovations amid persistent economic uncertainty and elevated borrowing costs. Following the announcement at the start of the fiscal year, shares of the retailer dropped approximately 4% in premarket trading.
