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Lowe's Cuts FY Guidance to Low End as DIY Demand Falters

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The Story

News Summary

  • Lowe's reported Q2 sales of $26 billion with comparable sales up 0.2%, trimming full-year guidance to the lower end amid subdued DIY spending, elevated fuel costs, and high interest rates suppressing housing turnover.
  • Pro and online segments grew, but discretionary demand remains pressured.
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