Lowe's Q3 Earnings Beat, Comps Decline, FY24 Outlook Revised
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Lowe's reported a 1.1% decline in comparable sales for Q3, an improvement from the previous quarter's 5.1% decline. The company also revised its FY24 outlook.
November 19, 2024 | 4:45 pm
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Lowe's reported a 1.1% decline in comparable sales for Q3, which is an improvement from the previous quarter's 5.1% decline. The company also revised its FY24 outlook.
The improvement in comparable sales from a 5.1% decline to a 1.1% decline suggests a positive trend in Lowe's performance. The revision of the FY24 outlook indicates the company's proactive approach to future planning, which could be seen positively by investors.
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