Lowe’s Cos. posted weaker-than-expected quarterly results but kept its forecast for same-store sales growth this year, assuring investors it will benefit once U.S. consumer demand picks up.
Lowe’s, the second-largest home improvement chain behind Home Depot, said it still expects sales at stores open at least a year to rise about 2 percent for the fiscal year, which some analysts viewed positively given soft consumer sentiment. Get the full story »
