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Why is Lowes Cos Inc (LOW) Stock down?

We've noticed a 5.42% decline in Lowes Cos Inc (LOW) stock during the 2025-04-03 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
21 Nov, 2023:

Lowe's Cos., Inc. Stock (LOW) dropped by 3.12% from $204.44 to $198.06 in the trading on Tuesday November 21, 2023. The reasons why LOW stock down today include:

  • Missed sales: Group revenues fell 12.8% to $20.47 billion, missing analysts' estimates of a $20.89 billion tally. U.S. same-store sales fell 7.4%, compared to the Refinitiv forecast of a 5% decline.
  • Declined earnings: Lowe's adjusted earnings for the three months ending in October were pegged at $3.07 per share, down 6.1% from the same period last year but just ahead of the Street consensus forecast of $3.03 per share.
  • Lower full-year revenue outlook: Lowe’s now anticipates sales will total about $86 billion for the fiscal year. It had previously expected a range of $87 billion to $89 billion, down from its prior forecast of between $87 billion and $89 billion. Same-store sales are likely to fall by around 5%, compared to its prior forecast of a 2% to 4% decline, while earnings are expected to come in at $13 per share, down from its last forecast of between $13.20 to $13.60 per share.
  • Cooling demand: Lowe’s faces cooling demand as Americans’ huge, Covid pandemic-fueled appetite for home improvement moderates and higher mortgage rates inject more uncertainty into the housing market.
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