Lowe's Specifies Higher Full-Year Sales Guidance
August 18 2021 - 6:51AM
Dow Jones News
By Matt Grossman
Lowe's Cos. on Wednesday gave a more specific full-year sales
forecast, after the company had said earlier in the year that it
was performing better than its previous forecast.
The Mooresville, N.C.-based home-improvement retailer said it
now expects 2021 revenue of about $92 billion. In May, the company
said only that it was tracking above a previous forecast for sales
of $86 billion.
Lowe's also forecast an operating margin of about 12.2% year
over year. It said its gross margin would probably improve slightly
compared with last year's.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
August 18, 2021 06:40 ET (10:40 GMT)
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