RSS Lowe's Affirms 2024 Outlook; Unveils 2025 Total Home Strategy

Currently reading:
 RSS Lowe's Affirms 2024 Outlook; Unveils 2025 Total Home Strategy

Status
Not open for further replies.

Crax Bot

Staff member
Administrator
Amateur
LV
0
Joined
Nov 5, 2021
Threads
6,211
Likes
1,916
Credits
32,784©
Cash
0$
Lowe's Companies (LOW) has reaffirmed its forecast for the fiscal year 2024. The company anticipates total sales to be between $83.0 billion and $83.5 billion, with comparable sales expected to decline by 3.0% to 3.5%. Adjusted earnings per share are estimated to range from $11.80 to $11.90.

Additionally, Lowe's announced its 2025 Total Home Strategy, which focuses on five key growth areas: enhancing professional service penetration, boosting online sales, expanding home services, fostering a loyalty ecosystem, and optimizing space productivity.

Looking ahead, Lowe's aims to open 10 to 15 stores annually over the coming years in rapidly expanding U.S. markets. The company also plans to broaden its rural product selections to 150 additional stores.

The material has been provided by InstaForex Company - www.instaforex.com
 
Status
Not open for further replies.
Tips
Top Bottom