Lowe's Companies (LOW) has reaffirmed its forecast for the fiscal year 2024. The company anticipates total sales to be between $83.0 billion and $83.5 billion, with comparable sales expected to decline by 3.0% to 3.5%. Adjusted earnings per share are estimated to range from $11.80 to $11.90.
Additionally, Lowe's announced its 2025 Total Home Strategy, which focuses on five key growth areas: enhancing professional service penetration, boosting online sales, expanding home services, fostering a loyalty ecosystem, and optimizing space productivity.
Looking ahead, Lowe's aims to open 10 to 15 stores annually over the coming years in rapidly expanding U.S. markets. The company also plans to broaden its rural product selections to 150 additional stores.
