CNBC Earnings19 Aug, 20:00cnbc.com

Lowe's gives muted outlook as it sees 'pressure' in home improvement spending

Lowe's reported mixed quarterly results as the retailer said it continued to see pressure in home improvement spending.

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Declining home improvement spending pressures Lowe's and its suppliers, with headwinds for the broader retail home improvement sector.

Headwind (4)

Lowe'sLOWDirect reporting of pressure on home improvement spending reduces retail sales and margins.
The Home DepotHDknock-onPrimary competitor also exposed to the same category-wide decline in home improvement demand.
Builders FirstSourceBLDRknock-onMajor supplier of building materials to home improvement retail faces lower volume as retailer demand softens.
Installed Building ProductsIBPknock-onInsulation and building products supplier experiences reduced orders from weakening home improvement cycle.

Sectors

US home improvement retail
Building materials and fixtures suppliers

Generated by a language model from the headline and excerpt above. It describes possible exposure and direction only — not a forecast, valuation, or recommendation. Verify before acting on anything here.

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