Page 128 - Uday Sampath News Today : Breaking News, Live Updates & Top Stories | Vimarsana

2 Min Read (Reuters) - Lowe’s Cos Inc on Wednesday backed its expectations for a sales decline in 2021, even after reporting a blow-out fourth quarter by riding on a sustained boom in demand from people sprucing up their homes during the COVID-19 pandemic. The home improvement chain and larger rival Home Depot Inc were among the biggest retail winners last year as Americans, who were forced to curtail their spending on travel and leisure activities, poured money into minor remodeling and repair works at their homes. Lowe’s shares fell 3.3% as it stuck by its 2021 outlook of a $4 billion to $8 billion drop in revenue, depending on a robust or weak scenario for the broader home improvement market and despite seeing sales momentum in February.

United statesUday sampathThomson reuters trust principlesHome depot incLowe cos incCos incHome depotThomson reuters trustLowe sContent produced in bangaloreCompany newsHomebuilding nec trbc level 5Tools amp housewares trbc level 4Tools amp housewares nec trbc level 5Home improvement products amp services retailers trbc level 4Home improvement products amp services retailers nec trbc level 5