Lowe's CEO says the housing market is under pressure, even as the retailer's sales jump more than 10% [MSNBC.com]
FactSet Research Systems Inc. (FDS)
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Source: MSNBC.com
In this articleA Lowe's store in Concord, California, US, on Monday, Nov. 17, 2025.David Paul Morris | Bloomberg | Getty ImagesOn Lowe's earnings call, CEO Marvin Ellison said the backdrop remains challenging for home improvement due to a mix of higher inflation, economic uncertainty and elevated mortgage rates."A persistent lock-in effect remains in place, keeping housing turnover and new home starts under pressure, leading us to expect improvement in both the housing and home improvement markets to be gradual," he said.Still, he said the company's strategy is resonating with its do-it-yourself customers and home professionals, as it offer more flexible delivery options, better digital experiences and more installation services.And, he added, its recent acquisitions of two home professional-focused companies means Lowe's is "well positioned to participate in the expected recovery in housing as we start the year."The company said it expects total sales for the full current fiscal year
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