Lowe's Companies (LOW) affirmed its outlook for full year 2024. Total sales are projected in a range of $83.0 to $83.5 billion, and comparable sales are expected to be down 3.0% to 3.5%. Adjusted earnings per share is projected to be in a range of approximately $11.80 to $11.90.
Also, Lowe said its 2025 Total Home Strategy spans five growth initiatives: Drive Pro Penetration; Accelerate Online Sales; Expand Home Services; Create a Loyalty Ecosystem; and Increase Space Productivity.
Lowe's plans to open 10-15 stores per year over the next several years in fast-growing markets in the U.S. The company is planning to extend its rural assortments to 150 morestores.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.