Lowe's CEO Says "We're Seeing That Do-It-Yourself Customer... To Be A Bit Cautious"
Portfolio Pulse from Benzinga Newsdesk
During the Goldman Sachs Conference, Lowe's CEO indicated that the company is observing a trend of caution among its do-it-yourself customer base.
September 13, 2023 | 3:10 pm
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NEGATIVE IMPACT
Lowe's CEO's comments about a cautious trend among DIY customers could potentially impact the company's sales and stock price.
The CEO's comments suggest a potential decrease in sales due to customer caution. This could negatively impact Lowe's revenues and, consequently, its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100