Lowe’s Companies Inc. says lower-than-expected sales could cause its fiscal 2007 profit to be at the low end or below its August estimate of $1.97 to $2.01 per share. The company’s fiscal year ends in February.
The home-improvement company (NYSE:LOW) says drought conditions in the mid-Atlantic, southeastern and western regions of the country have adversely affected sales of outdoor products.
Lowe’s, founded in 1946 in North Carolina, has more than 1,425 home-improvement stores including two in Surry County: Lowe’s of Mount Airy on the Andy Griffith Parkway (U.S. 52 at U.S. 601) and Lowe’s of Elkin, 492 CC Camp Road.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment