Lowe’s forecasts annual comparable sales largely below estimates

(Reuters) – Lowe’s Cos forecast annual comparable sales largely below Wall Street estimates on Wednesday, on signs of a prolonged recovery in the home improvement sector amid higher interest rates and a weakening economy.

The home improvement retailer expects full-year 2025 comparable sales to be flat to up 1% compared to analysts’ estimate of a 1.13% rise, according to data compiled by LSEG.

(Reporting by Savyata Mishra in Bengaluru; Editing by Pooja Desai)