Lowe's sees steeper drop in annual sales as DIY demand stumbles


Lowe's Cos on Tuesday projected a bigger drop in annual same-store sales than previously expected, as inflation-hit consumers cut back spending on home-improvement projects, hitting the company's key do-it-yourself (DIY) business segment.
Shares fell about 4% in premarket trading as the demand slump also prompted the company to trim its annual earnings target, even as easing…

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