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Lowe’s Sales View Misses as Home Improvement Demand Wanes

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Lowe’s Cos. delivered a revenue outlook that missed analyst estimates and said it expects home improvement demand to slow next year.

The retailer said in a statement that it expects sales of about $94 billion to $97 billion for the year ended in January 2023, short of the $97.9 billion average estimate of analysts surveyed by Bloomberg.