Lowe’s warns same-store sales could drop next year
Lowe’s was riding high. The home improvement retailer’s shares surged as earnings trounced market expectations amid soaring demand for tools and building materials, leading the company to hike its full-year sales forecast.
But just one month later, a different picture is emerging. Lowe’s warned Wall Street Wednesday that it sees same-store sales falling as much as 3% next year. It also issued a revenue and profit forecast for the full year that fell short of analysts’ targets.
Lowe’s chief financial officer said Wednesday that the home improvement sector would likely shrink modestly next year, noting that the industry had benefited this year from higher inflation and government stimulus.
The announcement signaled that the surge in demand for its products sparked by the health crisis would finally wane. Americans might be spending their money elsewhere – instead of on paint, tools and gardening equipment.
Lowe’s shares, whose 58% appreciation this year vastly outperformed the broader market as investors bet on a strong holiday season, fell at the market open Wednesday before bouncing back.
相關影片推薦
- 2:21全球最年輕貨幣辛巴威「ZiG」曾一條麵包5億元 盼新幣解決通膨危機Yahoo奇摩(國際通)35,309 次觀看・9 小時前
- 2:24烏克蘭98歲阿嬤逃戰火 靠拖鞋、拐杖獨自步行10公里 從「二戰存活如今卻一無所有」Yahoo奇摩(國際通)17,925 次觀看・13 小時前
- 1:47不鏽鋼管廠第三代開2千萬法拉利 國道自撞爆胎東森新聞影音13,469 次觀看・10 小時前
- 2:09追到加拿大! 美鷹會.華青幫聯手追債貴婦奈奈華視影音76,739 次觀看・13 小時前
- 00940該越跌越買?高勝率ETF投資組合這樣買進擊的荷包74,800 次觀看・1 週前
- 1:47誰替吳秉叡代投票? 葉元之公布影片:疑似楊曜|#鏡新聞鏡新聞47,886 次觀看・12 小時前
- 1:25尋生母10年! 戶政事務所牽線意外找到親哥哥民視影音8,592 次觀看・1 天前
- 1:41又有「都更孤島」! 萬華透天厝將被大樓包夾東森新聞影音7,642 次觀看・1 天前
- 1:35已婚男帶女子住高檔摩鐵 突然猝死妻錯愕|#鏡新聞鏡新聞15,008 次觀看・1 天前
- 1:35殯葬大亨董娘出車禍 家屬控肇事者毒駕惹禍|#鏡新聞鏡新聞41,014 次觀看・6 小時前