Lowe’s Lowers Full-Year Targets as Homeowners Scale Back DIY Projects

Lowe’s has lowered its full-year sales targets as homeowners continue to scale back on DIY projects. The company reduced its full-year outlook due to persistent pressure on DIY spending, reflecting a broader trend of decreased consumer investment in home improvement tasks. These adjustments highlight the ongoing challenges the retailer faces as customers limit their expenditures on self-directed home renovation projects, forcing the company to revise its financial expectations for the remainder of the fiscal year.