Retail News

Lowe’s sales fall short of Wall Street’s expectations

CNBC 05/18/2022

Lowe’s pointed to colder spring weather as the cause of a decline in demand for outdoor supplies in the first quarter. The home improvement retailer posted net sales of $23.66 billion, below the $23.76 billion expected by analysts. The chain’s earnings were $3.51 a share, above the $3.22 consensus.

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