Lowe’s (LOW) earnings Q1 2022


A customer pushes a shopping cart towards the entrance of a Lowe’s store in Concord, California, on Tuesday, Feb. 23, 2021.

David Paul Morris | Bloomberg | Getty Images

Lowe’s on Wednesday missed Wall Street’s sales expectations for the first quarter, as cooler spring weather hurt demand for supplies for outdoor do-it-yourself projects.

Shares were down more than 2% in premarket trading.

The company reiterated its full-year outlook, saying it expects total sales to range between $97 billion and $99 billion and same-store sales to range from a decline of 1% to an increase of 1%.

Here’s what the company reported for the quarter ended April 29 compared with what Wall Street was expecting, based…

Source cnbc.com

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