Lowe's reports smaller-than-expected drop in sales, maintains annual forecasts

The home improvement retailer also reaffirmed its annual forecast, a day after rival Home Depot did the same. Atlanta-based Home Depot also said it would not raise its prices, betting that its diversified supply chain and stronger hold in the professional customer base would help it tide over tariff-led uncertainty. Escalating fears over the economic impact of U.S. President Donald Trump's trade policy have led to a plunge in consumer sentiment in recent months, further driving customers away from large-scale renovation projects that typically require refinancing.

Raccontata dafinance.yahoo.com