Lowe's Cos Exec Says DIY Discretionary Pullback On Big-Ticket Drives Overall Modest Concerns About H2, But Even With That, Think We Can Outperform The Marketplace By 100-200 BPs; Believe Home Improvement Is Going To Be Down Mid-Single Digits And We'll Outpace That 100-200 BPs
Portfolio Pulse from Happy Mohamed
Lowe's Cos executive has expressed modest concerns about H2 due to a pullback on big-ticket DIY items. However, they believe they can outperform the market by 100-200 basis points and that home improvement will be down mid-single digits.
August 22, 2023 | 2:10 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lowe's Cos is expected to face modest concerns in H2 due to a pullback on big-ticket DIY items. However, the company is confident in outperforming the market.
The company's executive has expressed concerns about H2 due to a pullback on big-ticket DIY items, which could potentially impact their earnings. However, they remain confident in their ability to outperform the market, which could balance out any potential negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100