Lowe's forecasts weak sales in 2024

MOORESVILLE, North Carolina: Amid persistent inflation and uncertainty over the U.S. economy, this week, Lowe's forecasted a slower recovery in the home-improvement market for 2024.

On a post-earnings call, Lowe's CEO Marvin Ellison said that sticky inflation and a stagnant housing market were forcing consumers to hold out on big-ticket purchases.

"Unfortunately, it is still very difficult to predict when