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Lowe’s First Quarter Results Come in Better Than Feared

publication date: May 21, 2024
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Image Source: Lowe's. 

Lowe’s continues to navigate a post-pandemic market environment and a relatively stagnant housing market. Comparable store sales were impacted by sluggish Do-It-Yourself [DIY] big ticket discretionary purchases, but strength was evident in sales in Pro and online. The firm reaffirmed its 2024 outlook.

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