Lowe's Says Confident In Strong FY21 Results : vimarsana.com

Lowe's Says Confident In Strong FY21 Results


Lowe's Says Confident In Strong FY21 Results
NORTH WILKESBORO (dpa-AFX) - While announcing higher first-quarter results, home improvement retailer Lowe's Cos. (LOW) Wednesday said it is currently tracking ahead of the robust market scenario provided at its December investor update, which assumed fiscal 2021 sales of $86 billion.
On average, 32 analysts polled by Thomson Reuters expect full-year sales of $88.9 billion. Analysts' estimates typically exclude special items.
According to the company, better-than-expected results and a supportive macroeconomic backdrop build its confidence in its ability to deliver strong results for the fiscal year.
The company projects continued market share gains and the achievement of a 12 percent operating margin.

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