Lowes Executive Says 'We Are Expecting A Pullback In Discretionary Consumer Spending Over The Near Term'
Portfolio Pulse from Benzinga Newsdesk
Lowes executive stated in a conference call that they expect a pullback in discretionary consumer spending in the near term.
May 23, 2023 | 1:17 pm
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NEGATIVE IMPACT
Lowes expects a near-term decrease in discretionary consumer spending, which may negatively impact the company's revenues and stock price.
Lowes executive's statement indicates an expectation of reduced consumer spending in the near term. This could lead to lower revenues for the company, which may negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100