Lowe’s trims annual forecast on lower-than-expected DIY sales (NYSE:LOW)

Lowe’s (NYSE:LOW) shares dipped premarket on Tuesday after the home improvement retailer trimmed its annual forecasts based on lower-than-expected DIY sales.

For full year 2023, the retailer expects comparable sales to decline 5%, compared to -2% to -4% decrease earlier. Overall sales are estimated to be around $86B (consensus

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