Lowe's Affirms FY23 Outlook: Revenue $87B - $89B Vs. $88.05B Estimate, EPS $13.20 - $13.60 Vs. $13.38 Estimate. Comparable Sales (2%) - (4%) YoY
Portfolio Pulse from Benzinga Newsdesk
Lowe's has affirmed its FY23 outlook, with total sales expected to be between $87 billion and $89 billion, compared to an estimate of $88.05 billion. The company expects comparable sales to be down by 2% to 4% compared to the prior year. Adjusted diluted earnings per share are expected to be between $13.20 and $13.60, against an estimate of $13.38.
August 22, 2023 | 10:02 am
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Lowe's has affirmed its FY23 outlook, which is largely in line with estimates. However, the company expects a decrease in comparable sales.
The company's outlook is largely in line with estimates, which may not significantly impact the stock price. However, the expected decrease in comparable sales could be a concern for investors, potentially putting some downward pressure on the stock.
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