Lowe's Lowers Outlook Amid Home Improvement Slowdown
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- Lowe's reported $25.96 billion in revenue for the fiscal second quarter, missing Wall Street's expectation of $26.16 billion despite a year-over-year increase from $23.96 billion
- Lowe's updated its full-year guidance to the bottom end of its prior range, now expecting flat comparable sales versus an earlier forecast of flat to up 2%
- Lowe's posted adjusted earnings of $4.40 per share, above the $4.22 expected, aided by an 11-cent boost from tariff refunds
- Marvin Ellison stated that teams are executing at a high level on the company’s Total Home strategy despite 'dynamic' near-term market conditions
- Home Depot reported similarly frozen housing market conditions just before Lowe's, noting customers have not returned to large-scale projects
Why it matters: Lowe's maintained profitability through cost controls and tariff benefits, but its lowered sales outlook signals sustained weakness in DIY consumer demand — a negative signal for home improvement markets despite stable pro and services segments. The sector-wide trend suggests broader macroeconomic caution is delaying household spending.
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