finance
Lowe's Reports First-Quarter Earnings Beat and Sets Full-Year Sales Target
Lowe's reported a first-quarter earnings beat while issuing guidance for full-year total sales between $92 billion and $94 billion. The company also projected a 120-basis-point decline in operating margins amid slow housing market activity.
May 20, 11:58 AM·1m read1 source
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Lowe's reported a first-quarter earnings beat and issued full-year guidance that includes total sales between $92 billion and $94 billion. 4 percent. 12 percent.
Lowe's said it is preparing for continued slow housing market activity driven by high interest rates. The company indicated it will focus on internal cost efficiencies to protect profitability. Seeking Alpha Quant Rating assigned the stock a Hold rating while retaining an A+ profitability profile.
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